Anne Prenner Schmidt, Esq.
Master of Laws, Employee Benefits
Mediator, Collaborative Attorney
1736 1st Street | Highland Park, IL 60035
Office: (847) 926-7679
Mobile: (312) 208-7389
Fax: (847) 926-7332
YOUR FAMILY LAW RESOURCE
Anne Prenner Schmidt
Collaborative Attorney, Mediator, Master in Employee Benefits
Anne Prenner Schmidt is an accomplished family lawyer and certified Mediator. She draws on her legal and business experience to help resolve the serious issues impacted by conflict during the difficult process of marital dissolution. As a member of the Collaborative Law Institute of Illinois and a neutral results oriented facilitator she helps the parties avoid the stress, strain, lasting pain and expense resulting from litigation. Her goal is always to develop cooperative agreements regarding parenting and finances – including retirement vehicles and property division. These successful interactions serve her clients by helping them to preserve important relationships and accomplish their goals, while saving time and financial resources in contrast to protracted litigation.
Experienced and Compassionate
Anne works with individuals, as well as couples experiencing divorce, who seek the counsel of a family lawyer with expertise in ERISA and other laws affecting employee benefit plans and as well as health and welfare plans. By assuring best practices relating to these benefits, Anne is able to obtain the best financial outcome for her client, as retirement is often times the most valuable asset in a divorce. Anne understands the importance of retirement plans in association with divorce and helps clients navigate the multifaceted issues involved. Her previous experience designing qualified and non-qualified retirement plans at an AMLAW 100 Firm makes her uniquely qualified to handle the most intricate cases involving complex compensation issues. Anne works with clients to design and implement a strategy that best fits their needs. Anne is particularly qualified to draft and review Qualified Domestic Relations Orders (“QDROs”) and Qualified Medical Support Orders (“QMSCOs”) because of her extensive training in ERISA. She is able to counsel on HIPAA, COBRA and the Affordable Care Act as they may relate to Family Law matters.
Anne Prenner Schmidt currently focuses her practice on collaborative law, mediation, employee benefits, ERISA and executive compensation. Anne is also a Lake County Child representative and Guardian ad Litem. Anne’s experience in these areas is reinforced by her LL.M. in Employee Benefits, which she obtained while also working for the U.S. Department of Labor Employee Benefits Security Administration. During her time with the Department, Anne focused on Fiduciary correction matters and was responsible for auditing VFCP applications. She is an adjunct professor at the John Marshall Law School, teaching legal writing for employee benefits.
FAMILY LAW ATTORNEY, MEDIATOR, EMPLOYEE BENEFITS ATTORNEY
Assignment of Retirement Monies via QDRO, DRO, and Letter of Direction
Anne Prenner Schmidt uses her extensive training and acute business acumen to guide individuals through the emotionally complex process of assigning retirement monies and deferred compensation during the dissolution of their marriage. The process by which the monies can be assigned, if at all, is contingent on the type of retirement plan and particular regulations of the IRS and Department of Labor. Anne is experienced in evaluating, and drafting the appropriate Order as required by law and regulations, for a flat fee. Anne’s extensive training and knowledge covers qualified and non-qualified plans and plans covered by ERISA and those exempt from the statute. Anne’s experience in these areas is reinforced by her LL.M. in Employee Benefits, which she obtained while also working for the U.S. Department of Labor Employee Benefits Security Administration. During her time with the Department, Anne focused on Fiduciary correction matters and was responsible for auditing VFCP applications. She is an adjunct professor at the John Marshall Law School, teaching legal writing for employee benefits.
Divorce can be one of the most difficult and emotional periods in life. Compounding that stress with needless and costly litigation only heightens emotion and can make divorce into an ugly process. Collaborative Practice, on the other hand, is structured to meet the emotional and financial needs of the family, without the time constraints and sometimes overwhelming procedures and paperwork of the litigation process. Collaborative Divorce is based on the following three principles:
1. An agreement not to go to court
2. A transparent exchange of information between both spouses
3. A solution based on the individual priorities of the family.
The hallmark of the Collaborative Divorce is the “team” approach in helping families resolve their disputes. Having a team of professionals involves whether it be a therapist, or a financial coach can help address major issues, while allowing the parties to avoid the typical pitfalls of divorce. Moreover, in a collaborative divorce the two attorneys representing the spouses agree to no longer work with the couple if they decide to proceed in court. From the beginning, the couple and attorneys are committed to settling the case, and all four have a financial incentive to do so.