QDRO Webinar- Tips and Traps when Dividing Defined Contribution Plans: the Pre-Marital Money Problem and Offsetting Accounts

On March 15, 2018 Attorney Erwin Kratz presented a webinar which detailed practical approaches to solving the various complications that can arise when dividing defined contribution plan accounts, including approaches to dealing with the pre-marital money problem and opportunities presented when offsetting accounts against each other. In this Webinar we addressed:

  • Where and how to get an accurate account balance on the date of marriage (DOM) when faced with the pre-marital money problem
  • Adjusting the DOM balance for earnings through the end of the marital community, including how to estimate earnings on pre-marital money:
    • based on the way the account was invested on the date of marriage or on the date of division, or
    • using broad proxies (such as the S&P 500 index, target date retirement funds, and the DOL’s VFCP Online interest calculator)
  • How to determine which account your client is best off taking and which they are best off giving away when offsetting the balance in one account against another.

QDRO Webinar- Dividing Military Retired Pay After the 2017 NDAA Amendments: Is Van Loan Dead?

On November 9, 2017 attorney Erwin Kratz presented a webinar detailing the various challenges in dividing military retired pay after the 2017 NDAA Amendments, especially in relation to the commonly used Van Loan formula.

The 2017 National Defense Authorization Act changed the definition of “disposable retired pay” in 10 U.S.C. 1408(a)(4) in a way that requires use of monthly retired pay as of the date of divorce, rather than as of retirement, for purposes of dividing military retired pay.

This webinar covered:

  • Why (and how) the NDAA modifies, but does not completely kill, the Van Loan formula when dividing military retired pay
  • Issues particular to the following situations:
    • Pre-retirement v. post-retirement divorce
    • Pre-marital service v. no pre-marital service
    • The Former Spouse will get less than 50% of the total disposable retired pay
    • The Member entered service before v. after 9/1/1980
    • Reserve v. Active duty retirement
    • Promotions made within 3 years of the date of service in the divorce

A recording of the webinar is embedded below.

Another Session Added to Web Conference CLE Series: “Tips and Traps When Dividing Retirement Benefits”

Registration is closed on the first three presentations in our web CLE conference “Tips and Traps When Dividing Retirement Benefits” on August 31, September 15 and September 30, as 8 participants have registered for each session. We are happy to have added a fourth presentation at noon on Friday, October 14, 2016. Attorneys can register for that session here.

This web conference will discuss tips and traps family law attorneys should be aware of when negotiating the division of retirement plan assets, including solutions to the unique challenges presented by:

  • The type of retirement plan you are dealing with – whether a defined contribution plan, defined benefit plan, private or governmental, tax qualified or non-qualified plan
  • Accounting for pre-marital account/benefit accumulations
  • The effect of post marital service and compensation increases
  • Accounting for outstanding loans in defined contribution plans
  • Avoiding surprises caused by delayed distribution provisions
  • Awarding pre-retirement death benefits
  • Awarding post retirement survivor benefits
  • Allocating the cost of providing survivor benefits

Registration is limited to no more than 8 attorneys. This size limit is deliberately intended to facilitate discussion among the attendees, so please bring your questions with you or email them to me before the conference so I can be sure we address them.

We will email all attendees an agenda and written materials before the conference. After the conference we will email all attendees a Certificate of Attendance.

Please note:
The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona, including 0 hour(s) of professional responsibility.

Register for the CLE Web Conference