In family law, equitable distribution cases involve dividing property and assets fairly between spouses. However, determining a fair split is not always simple, especially when dealing with finances. Forensic accountants play an important role in these cases, using their knowledge to dig into financial records and make sense of complex assets. In divorce cases, their […]
Category Archives: Pensions
11
Feb
Feb
When couples divorce, division of retirement assets can be divided proportionally without tax liability under ERISA, the federal statute that regulates retirement benefits. Whether your retirement plan is a defined contribution or a defined benefit plan, you will need a qualified domestic relations order (QDRO) signed by a judge and accepted by the plan to […]
26
Sep
Sep
During the distribution of assets portion of a divorce, it should come as no surprise that financial items as well as property will both be divided between the spouses. However, while the money in a bank account can be easily split in half, questions can arise over similar matters such as a 401(k) and pension. […]