What if the participant dies before retirement?
Posted on Aug 28, 2020 2:45pm PDT
Angela from Middletown, RI asks, "What if the participant dies before retirement?"
Pension Evaluators & QDROS Of Troyan, Inc Associates Group answers, "A QDRO may provide that all or a portion of the
participant’s benefits go to the ex-spouse as a
survivor benefit in the event the participant dies before retiring. When applying for retirement
benefits, the retirement plan will require the participant to pick from
several different survivor benefit options to state who will get the survivor
benefit and how it will be paid. The participant may choose the ex-spouse
or the participant’s children to receive survivor benefits. The
participant might divide the survivor benefit between an ex-spouse and
the participant’s children. The participant may choose that the
surviving ex-spouse will get the survivor benefit in either a lump sum
payment or regular payments on a set time period like monthly payments."
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offers expert QDRO outsourcing services to divorce attorneys and mediators,
as well as retirement plan administrators.
Divorce attorneys/mediators – You can rely on Pension Evaluators & QDROS Of Troyan, Inc
Associates Group to draft QDRO documents correctly and promptly for your
clients, and obtain pre-approval by the plan administrator. We will be
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(after the divorce is finalized by your offices) in the QDRO process.
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here to begin the process to begin the application process forms on this site
(or direct your client to do so), along with prepayment of our fee, either
by check or credit card (online). For more information, call to speak
with our QDRO experts at 800-221-0706 and reference the state for your
Divorce matter for discussions.
DISCLAIMER: Any legal information on this blog has been prepared by Troyan from informational purposes only and should not be construed as legal advice. The material posted on this website is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Note that sending an e-mail to Troyan does not create an attorney-client relationship, and none will be formed unless there is an agreement between the firm and the individual.