What is a common requirement for a pension benefit division in divorce proceedings?

Prepare for the Certified Divorce Financial Analyst (CDFA) Certification Exam with flashcards and multiple choice questions. Each question offers insights and explanations. Ensure success on your exam!

A common requirement for pension benefit division in divorce proceedings is the issuance of a court order. This court order officially recognizes the division of the pension benefits between the parties involved in the divorce. The order outlines how the pension asset will be divided, ensuring that both parties are compliant with the legal requirements associated with the division of retirement benefits.

In many jurisdictions, the division of pension benefits cannot be enacted until a court order has been issued and presented to the pension plan. This serves to establish legal authority over the division and is critical in protecting the rights of both the non-member spouse and the pension holder.

While other factors, such as agreements or approvals, may play a role in the process, it is fundamentally the court order that legally mandates the division of the pension benefits. Without this court order, neither party would be able to enforce their rights regarding the pension during or after the divorce proceedings.

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