Topic: Pension | 6 post(s).
December 16, 2021 - {4 minutes to read} The most typical way a pension is divided would be through a Qualified Domestic Relations Order (QDRO). A QDRO provides that, at retirement, the marital portion of the pension will be divided in the way that you have agreed upon in your Separation Agreement, usually 50%. The marital portion is the part that accumulated during the marriage. But you’re in mediation, so you don’t have to do what is typically done. Especially if the QDRO does [...]
July 16, 2021 - Strong emotions can arise when you are talking about distributing a pension. By explaining why each of you feels entitled to the pension, you can open the door to a productive discussion and start talking about options in a way that recognizes what you both need and what your expectations are. Through that discussion, you may be able to reach a settlement that's going to meet those needs and expectations. [...]
June 30, 2021 - To the extent that your pension was accumulated during the marriage, it would be treated like any other assets subject to distribution. But there may need to be more to the discussion than just what the law provides. [...]
August 16, 2016 - {3:30 minutes to read} When I began practicing family law, one of the first lessons I learned was that clients do not consider all assets the same. The one asset that consistently holds a very special place in the heart of a client is a pension. Clients express feeling a different sense of entitlement to their pension because: They performed at a job where their lives, health and safety were placed in jeopardy; They may have taken less in salary for the assurance of [...]
August 2, 2016 - {3:48 minutes to read} Even before the enactment of New York’s post-divorce maintenance statute, most mediators and attorneys worked with an informal but commonly accepted formula for determining the duration of maintenance based upon the length of the marriage. The longer the marriage, the longer the term of maintenance. The new statute now provides an advisory schedule, also based on the length of the marriage, for the court to consider in determining the term o [...]
May 2, 2016 - {3:48 minutes to read} As someone who is making a sincere effort to be mindful and present, and also as someone to whom these qualities do not come naturally, I understand how difficult it is to be patient. When you are in the midst of a divorce and want it to all be over yesterday, it’s even more of a challenge to let things work out in their own time. If you want to mediate, I urge you to undertake this challenge with as much forbearance as you are able to muste [...]