A Comprehensive Guide for Financial Advisors
What You'll Learn
In the intricate realm of divorce settlements, financial advisors play a crucial role in safeguarding the fair and accurate division of retirement assets. However, a common hurdle emerges when clients and their legal counsel lack clarity about the nature of these assets. The repercussions of…
Tom Dickson
Financial Experts Network
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In the intricate realm of divorce settlements, financial advisors play a crucial role in safeguarding the fair and accurate division of retirement assets. However, a common hurdle emerges when clients and their legal counsel lack clarity about the nature of these assets. The repercussions of mismanaging such division can be significant – from the ineffectual use of a Qualified Domestic Relations Order (QDRO) on non-qualified plans to the insufficient detailing in dividing significant assets like pensions, overshadowed by less substantial assets.
Join us for an enlightening webinar led by Diane Pappas, a CDFA and seasoned Certified QDRO Specialist™. This session is designed to shed light on frequent oversights in ascertaining and dividing various types of retirement plans. Dive deep into the world of both qualified and nonqualified plans, encompassing defined contribution and benefit plans. The webinar will also tackle unique challenges associated with state pensions. We'll unravel the complexities of the marital coverture fraction for defined benefit plans, weigh the advantages and drawbacks of equalizing multiple accounts, and offer a concise overview of pension valuation timing. To further enhance your understanding, we will provide exemplary language for practical application.
Learning Objectives:
1. Differentiate Retirement Plans: Gain a thorough understanding of the differences between qualified and nonqualified retirement plans, including defined contribution and defined benefit plans.
2. Master Marital Coverture Fraction: Develop expertise in applying the marital coverture fraction to defined benefit plans, ensuring equitable division in divorce scenarios.
3. Effective Strategy Development: Learn to evaluate and strategize the equalization of multiple retirement accounts, and acquire insights on the optimal timing for pension valuation.
*CE/CPE Eligible: 1 CE credit is available to attendees with these designations: CFP, CLU, ChFC and RICP. CPA attendees will earn 1 CPE credit.
Field of Study: Specialized Knowledge
Prerequisites: There are no prerequisites for this session.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
NASBA Approved
Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.