We recently received a favorable appellate decision on behalf of our client whose ex-husband tried to manipulate their divorce agreement regarding distribution of his New Jersey PERS pension (“pension”) nearly
Continue Reading Make Sure to Enter QDROs At The Time of Divorce
As matrimonial lawyers, we often come across cases involving a pension that is subject to equitable distribution. While New Jersey’s equitable distribution statute involves several factors for consideration in dividing
Continue Reading THE PERILS OF NEGOTIATING THE EQUITABLE DISTRIBUTION OF A PENSION
Most people are overwhelmed during the process of a divorce. Stress and emotions run high, there are the added time constraints of the court and the daunting tasks of discovery, court mandated appearances and either a trial or coming to a final resolution. When the judge signs off on the final judgment of divorce a great weight can be lifted and its easy to feel that the process is over.
Oftentimes, this is not the case. What has been referred to as ‘loose ends’ can easily be overlooked and forgotten. A perfect example is the finalization and submission of Qualified Domestic Relations Order (“QDRO”) to plan administrators for the division of qualified and some times non-qualified retirement plans and benefits. I have previously blogged on this issue. To read those entries, click here and here.