Phoenix Arizona Sample Letter to Pension Plan Administrator regarding Division of Plan Proceeds per Court Order

• Category: Letters - Legal - Pension Plan
• State: Multi-State
• City: Phoenix
• Control #: US-0500LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Administrator's Name] [Pension Plan Administrator] [Company Name] [Address] [City, State, ZIP Code] Subject: Division of Plan Proceeds per Court Order Dear [Administrator's Name], I hope this letter finds you well. I am writing to address the division of plan proceeds per a court order regarding the pension plan of my former spouse, [Spouse's Name], in accordance with our divorce settlement. As stated in the court order, I am entitled to a portion of the pension plan proceeds, and I request your assistance in carrying out this division in compliance with the court's directives. To provide further context, [Spouse's Name] and I were married from [Start Date] to [End Date]. Our divorce was finalized on [Divorce Date] by the [Court Name]. As per the court order issued upon our divorce, I am entitled to receive a specific percentage or specific amount of the pension plan proceeds attributed to [Spouse's Name]'s employment during our marriage. I kindly request the following information and actions to facilitate the division of the plan proceeds: 1. Confirmation of Plan Details: a. Please verify the plan details, including the plan name, plan number, and any associated documentation necessary for the division of plan proceeds. b. Provide information on the plan's vesting schedule and any applicable terms or conditions that may affect the division of proceeds. 2. Calculation of Divisible Proceeds: a. Determine the total value of the pension plan as of the date of our divorce, including any accrued interest or investments. b. Calculate the defined portion or amount that is attributed to the period of our marriage, as outlined in the court order. c. Inform me of the specific amount or percentage that is legally required to be transferred to me. 3. Required Documents: a. Provide copies of all necessary paperwork, such as pension plan statements, administrative forms, and any additional documents required to initiate the division. b. If applicable, kindly inform me of any paperwork or forms that need completion or signatures from my end. 4. Distribution Options: a. Advise me on the available distribution options, such as a direct rollover into a retirement account of my choice, a lump-sum payment, or any other applicable methods. b. Include details about potential tax implications, withholding requirements, and any associated fees or penalties that may arise from each distribution option. Please note that the court order mandates the division of the pension plan proceeds, and your cooperation is essential in ensuring its proper execution. I trust that you will handle this matter with the utmost professionalism and efficiency. In the interest of prompt resolution, I request a response within [timeframe] acknowledging the receipt of this letter and outlining the necessary steps, paperwork, and estimated timelines involved in dividing the plan proceeds. Thank you for your attention to this matter. Should you require any additional information or clarification, please do not hesitate to contact me using the provided contact details. I look forward to a successful collaboration in completing this process as per the court order. Yours sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Administrator's Name] [Pension Plan Administrator] [Company Name] [Address] [City, State, ZIP Code] Subject: Division of Plan Proceeds per Court Order Dear [Administrator's Name], I hope this letter finds you well. I am writing to address the division of plan proceeds per a court order regarding the pension plan of my former spouse, [Spouse's Name], in accordance with our divorce settlement. As stated in the court order, I am entitled to a portion of the pension plan proceeds, and I request your assistance in carrying out this division in compliance with the court's directives. To provide further context, [Spouse's Name] and I were married from [Start Date] to [End Date]. Our divorce was finalized on [Divorce Date] by the [Court Name]. As per the court order issued upon our divorce, I am entitled to receive a specific percentage or specific amount of the pension plan proceeds attributed to [Spouse's Name]'s employment during our marriage. I kindly request the following information and actions to facilitate the division of the plan proceeds: 1. Confirmation of Plan Details: a. Please verify the plan details, including the plan name, plan number, and any associated documentation necessary for the division of plan proceeds. b. Provide information on the plan's vesting schedule and any applicable terms or conditions that may affect the division of proceeds. 2. Calculation of Divisible Proceeds: a. Determine the total value of the pension plan as of the date of our divorce, including any accrued interest or investments. b. Calculate the defined portion or amount that is attributed to the period of our marriage, as outlined in the court order. c. Inform me of the specific amount or percentage that is legally required to be transferred to me. 3. Required Documents: a. Provide copies of all necessary paperwork, such as pension plan statements, administrative forms, and any additional documents required to initiate the division. b. If applicable, kindly inform me of any paperwork or forms that need completion or signatures from my end. 4. Distribution Options: a. Advise me on the available distribution options, such as a direct rollover into a retirement account of my choice, a lump-sum payment, or any other applicable methods. b. Include details about potential tax implications, withholding requirements, and any associated fees or penalties that may arise from each distribution option. Please note that the court order mandates the division of the pension plan proceeds, and your cooperation is essential in ensuring its proper execution. I trust that you will handle this matter with the utmost professionalism and efficiency. In the interest of prompt resolution, I request a response within [timeframe] acknowledging the receipt of this letter and outlining the necessary steps, paperwork, and estimated timelines involved in dividing the plan proceeds. Thank you for your attention to this matter. Should you require any additional information or clarification, please do not hesitate to contact me using the provided contact details. I look forward to a successful collaboration in completing this process as per the court order. Yours sincerely, [Your Name]