Pension Funds and Benefits
Recent appellate decisions upheld the rights that current spouses, former spouses and other persons have in a participating spouse's IRA, pension fund, and life insurance policies. On the page you will find articles and information regarding how your divorce will affect any retirement or pension funds you have.
What Can QDRO Be Used For?
QDRO is a court order that recognizes the right of the ex - spouse to receive all or part of a pension plan that belonged to their ex – spouse.
QDRO is a court order that recognizes the right of the ex - spouse to receive all or part of a pension plan that belonged to their ex – spouse.
What Is A QDRO?
A “qualified domestic relations order is an order that needs to be included in a divorce agreement when dealing with pension funds. The QDRO establishes your soon-to-be-ex-spouse's legal right to receive a designated percentage of your qualified plan account balance or benefit payments.
A “qualified domestic relations order is an order that needs to be included in a divorce agreement when dealing with pension funds. The QDRO establishes your soon-to-be-ex-spouse's legal right to receive a designated percentage of your qualified plan account balance or benefit payments.