Did you recently complete a divorce in Arizona, Florida, or Texas but you or your spouse earned a pension benefit from the state of Illinois? If you or your ex-spouse participated in an Illinois State Pension like TRS, IMRF, PABF, FABF, SURS, SERS, JRS or any other...
Anne Prenner Schmidt, Esq., Master of Laws
Pensions
Why Offsetting Pensions in Divorce Might Not Be the Unicorn Solution You Are Hoping For…Using Present Value of a Future Pension as an Offset for a Current Marital Asset in Divorce
Our firm is often approached by parties and counsel to determine the present value of a future pension. The goal being to assign an exact dollar amount to a future payout in order to offset an asset currently held in the marital estate. Red flags immediately are...