Good afternoon Family Law Section members,
On Tuesday, Feb. 28, NJICLE will present Webcast- Dividing Retirement Assets in Divorce: When You Need a QDRO, When You Don’t and How to Understand One When You Do from 1 to 4:35 p.m.
Dividing retirement assets is often a major part of any martial property settlement in a divorce. Many divisions require a QDRO, a qualified domestic relation order, in addition to a property settlement, depending on the type of retirement plans involved. A QDRO allows a pension plan administrator to transfer plan assets from a titled spouse to a non-titled spouse after a divorce has been finalized. The QDRO must comply with both the terms of the property settlement and the pension plan rules. Failing to obtain a QDRO when one is needed, or drafting one incorrectly are serious mistakes and can open the attorney to malpractice claims.
Our informative seminar will review the types of retirement plans that need a QDRO, and the calculations and methodologies used by pension administrators to distribute pension assets. Our panelists also provide important information about how New Jersey State Retirement system, Military Pensions and Federal Civilian Pensions are treated in divorce settlements.
FACULTY
Mark K. Altschuler, M.S.
President, Pension Analysis Consultants, Elkins Park, PA
James Myers, Esq.
Pension Analysis Consultants, Inc., Elkins Park, PA
TOPICS
• What types of retirement plans need a QDRO?
• Preparation and Drafting of a QDRO?
• Understanding the Coverture Fraction and how plan administrators divide assets subject to a QDRO.
• Important case law to know
• Tax considerations
• Survivorship issues
• Will you need more than one QDRO?
• Military Pensions
• Federal Civilian Retirement Plan and the NJ State Retirement plans
CLE Credits:
NJ CLE information: This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 4.0 hours of total CLE credit. Of these, 4.0 qualify as hours of credit toward certification in matrimonial law.
NJ CLE: This program has been approved for 4.0 credits
PA CLE: 3.0 substantive credits pending ($12 fee – separate check payable to NJICLE must be submitted at the end of the program)
NY CLE (nt): 4.0 professional practice credits
Matrimonial Law Certification: 4.0 general credits
The tuition for NJSBA members is $152. The general tuition is $190.
Click here to register for Webcast- Dividing Retirement Assets in Divorce: When You Need a QDRO, When You Don’t and How to Understand One When You Do.
For questions or to register by phone, please contact an association representative at 732-214-8500, or by email at [email protected].
All the best,
Barb
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Barbara Straczynski
Director of New Media and Promotions
New Jersey State Bar Association
New Brunswick NJ
(732) 937-7524
[email protected]------------------------------