QDRO: Calculating a Pension’s Present Value
{4:00 minutes to read} When someone has a monthly pension, sometimes they would like to keep that pension for themselves and pay the other spouse the cash value. Trying to understand the cash value of a monthly pension is one of the trickiest aspects of divorce...
401(k) Plans and the Majauskas Formula
{5:00 minutes to read} I recently received a draft separation agreement that talked about dividing a 401(k) plan, pursuant to the Majauskas Formula. The problem with this kind of language is that 401(k) plans do not easily lend themselves to division pursuant to the...
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Steven L. Abel, Esq. 101 South Broadway Nyack, NY 10960 (P) 845-638-4666 (E) [email protected]
Social Security and Divorce
{2:30 minutes to read} Social Security retirement benefits are not treated in the same way pensions, 401(k)s and all other retirement plans are treated. In fact, the rules surrounding Social Security specifically state they cannot be divided up as if they were...
Some Plans Do Not Accept QDROs
{3:00 minutes to read} A while ago, The Huffington Post featured an article with this headline: "How to make sure your divorce lawyer does not screw up your retirement benefits." That surely should have gotten a little more attention than it did. One of the key...
