ContactMenu
The Law Offices of Jeffrey Jones
Speak With Attorney Jeffrey Jones
Local : 901-410-5751
800-863-2561
Over 35 Years Of Legal Experience Serving The Community

What is a qualified domestic relations order in a divorce?

If you or your spouse have retirement accounts and are going through a divorce, you might consider the possibility of seeking a qualified domestic relations order. A QDRO outlines how retirement accounts are going to be distributed, even if the distribution will occur in the future.

Why do I need a QDRO?

A QDRO enables the administrator over retirement accounts to distribute funds in accordance with the document. It also comes into play if you or your ex-spouse gets remarried. This can cut out confusion down the road since everything regarding the distribution of the retirement account is already covered.

What should be covered in a QDRO?

There are four things that the QDRO must include. The name of the plan, the name and last known mailing address of the alternate payee and participant, the number of payments or time period in which the qualified domestic relations order is in effect and the amount that the alternate payee will receive. The amount of the payment can be notated in a percentage format or a dollar amount format.

What else should I know about a QDRO?

Under no circumstance can the QDRO contain points that will increase the benefits. If the alternate payee is a minor or considered legally incompetent, the QDRO can provide that the payments be made to the trustee, guardian or person acting in loco parentis for the payee.

If you are wondering how a QDRO might benefit you or affect your divorce, you should seek answers to those questions. Making sure you understand how it will impact your case might help you to decide how you will handle the issue.

Source: U.S. Department of Labor, "Qualified Domestic Relations Orders," accessed Sep. 09, 2015

No Comments

Leave a comment
Comment Information

Make Your Legal Issue a Priority. Get a Case Evaluation Now.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy