Tuesday, February 3, 2009

Domestic Relations Orders - Language must work or divorced spouse still gets the goods

A new U.S. Supreme Court decision concerning Domestic Relations Orders and instilling a ton more liability on the attorney representing the pension-holder. Here's the link to a great summary of the case: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1336350
"In sum, the Supreme Court decided that if a voluntary disclaimer in a domestic relations order ("DRO") by the divorcing spouse of an ERISA pension plan participant did not comply with the terms of the governing plan documents, the plan could pay the death benefit only to the participant's designee, who was the former spouse and disclaimant." (Id.)

1 comment:

Anonymous said...

I have been searching for hours and I haven’t found such awesome work.
Jordan Pusle Tips