NJSBA & NJSBA Section/Committee members are eligible forspecial discounts - login to see your discounted rate for this program.
Additional Sites:Wed., Nov. 28, 2018 - 9 a.m. to 12:35 p.m., Wilshire Grand, West Orange
Retirement assets are often a significant part of marital property. Yet, the Employee Retirement Income Security Act of 1974 (ERISA) prohibits an employee’s retirement benefits from being transferred or alienated in any way. One important exception to this is a QDRO (a Qualified Domestic Relations Order).
A QDRO which allows a plan administrator to transfer plan assets from a titled spouse to a non-titled spouse after a divorce has been finalized. Since pensions are often the single largest asset a couple can hold, family attorneys must have an understanding of the methodologies used by pension administrators to distribute pension assets and how survivors are treated when the titled spouse dies.
Even if you leave the drafting to an expert, having a solid understanding of this important issue allows you to negotiate more effectively and obtain fairer settlements for your clients. At this informative seminar, our panelists demystify the calculations and formulas pension administrators commonly use and show you how to maximize your client's share of the pension division. You will come away with an understanding of how QDROs operate, how they will impact your client’s divorce settlement and what you need to do to maximize their benefits to your clients.
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