What does an actuary do in a divorce?

What does an actuary do in a divorce?

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Min Austria
Assistant at Ascent Law LLC

An actuary is an expert in finances, who calculates the value of assets and liabilities. They are often used by pension funds and insurance companies to determine premiums. They can also help divorced couples estimate the value of their assets and debts. In divorce proceedings, an actuary can be a crucial player.

Actuaries can provide valuable insight into spousal maintenance, an area that is often a source of contention in divorces. They can help determine the value of the couple's pensions and ensure that they are valued according to Ontario law. This allows the couple to include the fair value of the pension with other family assets.

Pensions are particularly challenging to value in divorce. Traditionally, the pension value is determined by comparing it to the cash equivalent transfer value, which is the amount an employee could transfer to another pension fund. However, this figure does not always accurately reflect the actual value of the pension. In some cases, it even understates the value of pension benefits. An actuary can provide a report that reflects the real value of the pension and the expected value upon retirement.

If you have any questions or need a Divorce Lawyer, please call this law firm for a free consultation.

Ascent Law LLC

8833 S Redwood Road Suite C

West Jordan UT 84088

(801) 676-5506

Utah Lawyer for Divorce Business Bankruptcy Probate Estates
Ascent Law helps you in divorce, bankruptcy, probate, business or criminal cases in Utah, call 801-676-5506 for a free consultation today. We want to help you.
https://www.ascentlawfirm.com

Location: Ivins, UT, USA

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