Family Law News and Insights

Non-Qualified Retirement Plans & Divorce: You May Be Able To Honor DROs, But Should You?

Published: Sep 12, 2018
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You probably already know that employers are required to honor qualified domestic relations orders (commonly referred to as "QDROs") regarding the division of qualified retirement plan benefits (such as 401(k) balances) when an employee gets divorced. However, many employers mistakenly assume that they must also honor domestic relations orders ("DROs") related to nonqualified retirement...

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Basis Of Grantor Trust Assets At Death: What Treasury Should Do

Published: Sep 07, 2018
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Two years have passed since Treasury and the IRS first announced that they were working on guidance relating to the basis of grantor trust assets at death.1 The project is apparently approaching completion — although Treasury's 2017-2018 priority guidance plan omitted projects not expected to be completed by the end...

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Because Divorce Wasn’t Rough Enough, Let’s Toss In Some Tax

Published: Aug 18, 2018
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Alimony and spousal maintenance have become a staple of most divorce proceedings. Making regular payments to an ex-spouse is a rough pill to swallow. In the past, the spouse making maintenance payments had a sliver of silver lining in the cloud: the payments were tax deductible for the payor and taxable...

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