How are pensions divided and split up in a divorce?
There are essentially two methods of distribution of a pension in a divorce case. The two methods to split up a pension is a (1) deferred benefit share and (2) immediate offset distribution against the other assets. A deferred benefit share postpones distribution until a pension comes into pay status. An offset distribution trades off the present value of the pension interest against a current asset which is given to him/her in satisfaction of his/her share of a pension. Basically, in a divorce case, the parties must hire an actuary to value the pensions, and to prepare the necessary court orders to split up the pension. The two most commonly used actuaries that are used are called Troyan, Inc. and Pension Appraisers. These companies charge about $300 to value the marital portion of the pension. They also charge about $700 to prepare the necessary court orders to split up the pensions. Most pensions are split up by a very complicated procedure. In summary, a Qualified Domestic Relation
There are essentially two methods of distribution of a pension in a divorce case. The two methods to split up a pension is a (1) deferred benefit share and (2) immediate offset distribution against the other assets. A deferred benefit share postpones distribution until a pension comes into pay status. An offset distribution trades off the present value of the pension interest against a current asset which is given to him/her in satisfaction of his/her share of a pension. Basically, in a divorce case the parties must hire an actuary to value the pensions, and to prepare the necessary court orders to split up the pension. The two most commonly used actuaries that are used are called Troyan, Inc. and Pension Appraisers. These companies charge about $300 to value the marital portion of the pension. They also charge about $700 to prepare the necessary court orders to split up the pensions. Most pensions are split up by a very complicated procedure. In summary, a Qualified Domestic Relations
