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.

Understand Retirement Plan Differences When Dividing Retirement Benefits

Arizona’s QDRO Practice recently published an article titled  Understand Retirement Plan Differences When Dividing Retirement Benefits  in the Arizona Bar’s Summer 2017 issue of Family Law News.

The article explains how it is critical to understand the features of each retirement benefit, to can get your fair share of this important community asset. The first step is to correctly identify the type of retirement plans involved. The article details issues to consider when dividing benefits in the three broad types of retirement plans-

  • Defined Contribution Plans (Both private and governmental)
  • Private Defined Benefit Plans
  • Government Defined Benefits Plans

Click Here to read the article.