Subject: South Carolina Sample Letter to Pension Plan Administrator regarding Division of Plan Proceeds per Court Order Dear [Pension Plan Administrator's Name], I am writing to you to discuss the division of pension plan proceeds as stated in the court order for [Divorcee's Name] and [Former Spouse's Name]. Per the court's ruling, it has been determined that a share of the pension plan benefits is to be allocated to the former spouse. We kindly request that you please review the court order and ensure that the necessary steps are taken to carry out the division of the plan proceeds accordingly. The court order specifies that [Former Spouse's Name] is entitled to receive a percentage or fixed amount of the pension benefits accrued during the marriage. To assist in the execution of this division, we have provided the following information and documentation: 1. Court Order: Enclosed is a copy of the court order clearly indicating the terms and conditions regarding the division of the plan proceeds. We kindly request you to review it thoroughly for proper understanding and compliance. 2. Participant Information: For your reference, we have attached the participant's information, including their full name, social security number, and contact details. 3. Calculation Method: As per the court order, the division of plan proceeds is to be calculated using the overture fraction method. This fraction determines the portion of the pension benefits earned during the marriage. We kindly request that you employ this methodology to ensure accurate determination of the former spouse's entitled share. 4. Qualified Domestic Relations Order (QDR): We understand that a QDR will be necessary in order to properly distribute the pension benefits as per the court order. We kindly request that you provide us with the appropriate QDR paperwork or any necessary instructions in order to expedite this process. 5. Distribution Instructions: Once the division of the plan proceeds has been calculated and the QDR has been approved, kindly advise on the procedure for distributing the allotted share to the former spouse. It would be greatly appreciated if you could provide any necessary forms or guidance to facilitate a smooth and timely payment arrangement. We kindly request your prompt attention to this matter as per the court order. Please note that the court order requires compliance within a specific timeframe, and we would greatly appreciate your assistance in meeting these obligations. If there are any further documents or information required, please do not hesitate to inform us at your earliest convenience. Thank you in advance for your cooperation and for ensuring that the division of plan proceeds is carried out in accordance with the court's ruling. Yours sincerely, [Your Name] [Your Contact Information]
South Carolina Sample Letter to Pension Plan Administrator regarding Division of Plan Proceeds per Court Order
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SECTION 62-2-401. Exempt property. The surviving spouse of a decedent who was domiciled in this State is entitled from the estate to a value not exceeding twenty-five thousand dollars in excess of any security interests therein in household furniture, automobiles, furnishings, appliances, and personal effects.
A will may refer to a written statement or list to dispose of items of tangible personal property not otherwise specifically disposed of by the will, other than money, evidences of indebtedness, documents of title (as defined in Section 36-1-201(15)), securities (as defined in Section 36-8-102(1)(A)), and property used ...
Intestate estate. Any part of the estate of a decedent not effectively disposed of by his will passes to his heirs as prescribed in the following sections of this Code.
The spousal elective share statute in South Carolina provides that the surviving spouse has the right to claim one-third of the estate even it they are completely disinherited in the decedent's last will and testament. Often, due to unhappy circumstances, someone will want to completely disinherit their spouse.
Ing to Florida Statute 732.515 and South Carolina Probate Code Section 62-2-512, you may dispose of any item of tangible personal property by a memo prepared by you, separate from your Will.
If you die survived by a spouse, but have no children, your spouse inherits 100% of your estate. If you die survived by a spouse and children, your spouse gets 50% of your estate and your children get and divide 50% of your estate in equal shares.
What does this mean? This notice was sent to you by the Social Security Administration (SSA) because you filed a claim for social security benefits. It is a reminder about private employer retirement benefits that you have earned, also called "deferred vested benefits".
SECTION 62-2-507. Revocation by divorce, annulment, and order terminating marital property rights; no revocation by other changes of circumstances.
