by stevenlong | Jul 31, 2022 | Retirement Benefits
The Employment Retirement Income Security Act (ERISA) is a federal law that entails how employers provide benefits plans to employees. It covers both defined benefit plans, otherwise known as pensions, and defined contribution plans like the 401(k). Before ERISA,...
by stevenlong | Jun 16, 2022 | Retirement Benefits
Although retirement involves more than just saving money, it’s undoubtedly the more significant part. This stage requires careful planning of both financial and legal issues that will come up the moment you stop working. That’s why it’s best to hire an attorney...
by stevenlong | Jul 30, 2021 | Divorce, Retirement Benefits
QDROs: Dividing Retirement Accounts in New Jersey When it comes to dividing retirement accounts in New Jersey, one thing you must bear in mind is that NJ is an equitable state. In the event of divorce, assets are shared equitably, through numerous factors such as the...
by stevenlong | Jun 24, 2021 | Divorce, Retirement Benefits
Retirement Benefits and Divorce Divorce is a strenuous process for all parties involved. When on this route, there are many things to consider and prepare for. When it comes to what happens to your retirement benefits in the event of a divorce, many factors come to...
by stevenlong | May 11, 2021 | Retirement Benefits
When it comes to sharing assets under NY laws, it consists of dividing both debts and assets acquired throughout both parties’ marital life. Although NY domestic relations have a judicious definition of marital, it also features a less open definition for...
by stevenlong | Apr 30, 2021 | Retirement Benefits
People often confused the Qualified Domestic Relations Order (QDRO) with a divorce decree or property settlement. QDRO is a tool that recognizes a soon-to-be ex-spouse or ex-spouse interest in the other spouse’s retirement plan. The employee whose interest is being...
