{2 minutes to read} I’m somewhat amazed by how many calls I get from individuals, lawyers, and mediators asking me to work on QDROs for people who were divorced 5, 10 and 15 years ago. The reason why people delay in getting the QDRO is not the point. The...
{2 minutes to read} One new wrinkle has come up regarding how to divide deferred compensation plans as part of a divorce. Until last year, New York deferred compensation plans (both state and city) would allow parties to agree on a specific dollar figure as of a...
{3 minutes to read} One of the most common problems in dividing up a retirement account as part of a divorce is where money was put into a typical 401(k) before the marriage. It is generally and widely agreed that money that was in the account before the marriage is...
{3:00 minutes to read} Most people know that QDROs can be used to divide up any kind of retirement plan as part of a divorce settlement. What is not so well known is that they can also be used to collect child support or maintenance/spousal support/alimony as well. At...
{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...
{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...
Steven L. Abel Telephone: 845-638-4666 Fax: 845-634-1675 Email:[email protected] Mailing Address & Physical Location:
101 South Broadway
Nyack, NY 10960
