Division Of Pensions

Divorcing New York residents often are surprised to learn that their divorce judgments and property settlements fail to address the dispersal of pension funds from a participant's benefits account. They discover that what they actually need to file are Qualified...

You have a pension plan, but you're not yet old enough to get the payments. That is to say, the plan hasn't matured yet. You are vested, so you're going to get that money, but you haven't been getting or using the checks at this point. You and your spouse decide to...

One of the first things people ask when planning for retirement is how much they'll need annually. They're so used to having that regular income and they want to know what it will take to keep living the life they want after they stop working. Naturally, the answer is...

If you get divorced, your ex likely has a claim to at least a portion of your pension. Typically, the amount owed to each person is half of the pension for the time the two were married. So, if you were married for the entire 40 years you worked at the company, your...

A qualified domestic relations orders, or QRDO, stipulates that a pension plan has to be split between the participant and an alternate payee. This is done to divide pensions after a divorce. For example, perhaps one spouse gets a pension of $2,000. Though every case...

You and your spouse are getting divorced in New York and you need to split up your pension. You know that your spouse is entitled to some of it, but how much? The court can use different formulas to reach a decision. For instance, some couples just agree on a flat...

You and your spouse are going to divide your pension, and so you're trying to plan for the future. How much will be left for you, and how much do you need? What is the average for people in the United States? One study looked at Census Bureau data and determined that...

A Qualified Domestic Relations Order (QDRO) can be used to divide up a pension and/or retirement benefits. It creates an alternate payee, who then gets a percentage of the total payout. This is huge in divorce. Even though many people don't realize it, they may not...

You and your spouse are getting divorced, and you're making a list of your high-value assets. You want to make sure you don't miss out on your fair share. You start with the house, which is paid off and worth $200,000. You know that you have another $10,000 in...

You get a pension, but you're not going to get all of it. You and your spouse got divorced, and your ex is entitled to a portion of that pension. While you've come to terms with the fact that your ex will be a beneficiary, whether you like it or not, what you're...