Today’s retirement plans have become quite valuable and often times are one of the most valuable assets that a family owns. Many employers offer retirement plans as compensation that is earned now, but not received until termination of employment or eligible retirement age.
Family law generally requires that the assets accumulated during the marriage be fairly divided at dissolution, and that they be valued to accomplish this. A fair property settlement must consider the value of all retirement plans earned during the marriage and apportion them between marital and separate property.
A “defined benefit” pension may be distributed by means of a QDRO, which provides for the future pension payments to be divided between the spouses at retirement. But if the divorcing parties wish to complete an immediate “buy-out” by trading or exchanging the various assets, the pension must be assigned a value, just like a house or family business. The pension may be valued so that it can be divided unequally between the spouses to balance the values of other assets, or “survivor benefits” may be involved, which are of value to the non-pensioner spouse.
Legal Economic Evaluations has performed more than 30,000 pension valuations nationwide. Our expert analysts work with you to get the job done in a timely manner. Our reports are easy to read and understand.
For more information, please contact us at (800) 221-6826, or visit our website at www.legaleconomic.com
Comments are closed, but trackbacks and pingbacks are open.