How to divide a pension plan

How to divide a pension plan in a Michigan Divorce?

Every day or so, I receive a phone call from a potential client or lawyer concerning how to divide a pension plan in a Michigan divorce?Traditionally a pension benefit is a work related benefit where the benefit amount is defined by a pension plan. Unlike a defined contribution plan, which reflects a contributed benefit (think a[…]

Michigan divorce law update. Avoiding a 10% early retirement penalty.

Divorce in Michigan – Avoiding a 10% early retirement penalty:  In almost every divorce case, at least one party is a beneficiary of a retirement account and in many instances, a retirement account is a marital asset that can be divided without a 10% early withdrawal penalty. In simple terms, if a portion of a[…]

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