We are pleased to announce our latest attorney assistance service. We are now providing plan specific language for the division of pension and retirement assets for use in Property Settlement Agreements. Preparing specific language to adequately identify and divide pension and retirement assets can be a daunting task. Identifying and understanding plan benefits, plan restrictions, and QDRO provisions falls outside the scope of normal legal expertise. Failure to adequately and properly divide pension assets is a serious fiduciary breach and may lead to malpractice litigation.
Let us help you navigate this mine field. We have been assisting matrimonial attorneys regarding these issues for over 35 years. We are now providing plan specific property division language which can easily be incorporated in your proposed settlement agreement. Each document provides all of the information necessary to identify each plan, quantify all of the assets, and suggest options that are fair and equitable.
Below is a list of the most frequently requested plans in the New York metropolitan area. Our sample ERISA Defined Benefit Plan language and our ERISA Defined Contribution Plan language is applicable to many ERISA Qualified plans. If unsure, or if you do not see the plan that you need to address, give us a call.