Legal And Financial Complexities In Divorce
There is nothing simple about divorce. In addition to the emotional turmoil surrounding the splintering relationship and child-related issues, there is a host of legal and financial issues that every divorcing party faces. What you need during this time is a lawyer who understands the difficulties you are facing and can help you through the process.
One of the most challenging and confusing areas of divorce for most people involves the separation of retirement and death benefits. At the Law Offices of Anne Schmidt, LLC, you will find an attorney who is experienced in Qualified Illinois Domestic Relations Orders (QILDROs). Attorney Anne Prenner Schmidt uses her extensive training and acute business acumen to guide individuals through the emotionally complex process of assigning retirement monies and deferred compensation during the dissolution of their marriage.
Assignment Of Retirement Monies
The process by which the monies can be assigned, if at all, is contingent on the type of retirement plan and particular regulations of the IRS and Department of Labor. Anne is experienced in evaluating and drafting the appropriate order as required by law and regulations. Anne’s extensive training and knowledge cover qualified and nonqualified plans and plans covered by ERISA and those exempt from the statute.
Anne’s experience in these areas is reinforced by her LL.M. in Employee Benefits, which she obtained while also working for the U.S. Department of Labor Employee Benefits Security Administration. During her time with the department, Anne focused on fiduciary correction matters and was responsible for auditing VFCP applications. She is an adjunct professor at the John Marshall Law School, teaching legal writing for employee benefits.
Negotiating The Assignment Of Monies
One of the most important factors in the division of assets is negotiating the split of various benefit plans and investments. With her education and experience, Anne Prenner Schmidt understands what a fair split looks like, and she can negotiate to get you the best outcome possible. We handle all of our divorce matters through mediation and other types of alternative dispute resolution (ADR) methods, so we have the experience to protect your financial interests, whether you are the paying spouse or the spouse to receive payment.