QDRO stands for Qualified Domestic Relations Order, and is used as a generic term for Court Orders to transfer or divide retirement plans pursuant to divorce or legal separation, whether they are Defined Contribution Plans (eg 401(k), 457, 403(b), Thrift Savings Plan, TIAA-CREF), or Defined Benefit Plans (eg FERS, CSRS, Military Pension, Corporate Pension Plans, Union Pension Plans, and other state and local government pension plans).
If, as part of your divorce or legal separation, you have agreed or have been ordered by the Court to transfer some or all of your retirement plan benefits to your former spouse, then you may need a QDRO signed by the Court for the Plan Administrator to execute the transfer. All employer-sponsored plans will need a court order. Most IRAs do not need a QDRO, however it seems that more IRA investment firms are asking for them. SEP IRAs normally do need one.
In addition to dividing retirement plans as part of a divorce for dividing marital property, they can also be used to pay for outstanding child support and alimony.
We have prepared thousands of QDROs since 2006 for attorneys and divorcing people.
We aim to finish drafting requested Court Orders in two business days after receiving the fee and all the information we need.
All of our QDROs are guaranteed to be accepted by the Plan. If there is ever a problem with the Plan accepting the QDRO we have drafted, we will fix it without question or cost to you.
We can help mediate the drafting of language in the separation agreement to avoid future conflicts about what was the intent of the parties.
Making decisions about how retirement plans, particularly pensions, will be divided as part of your divorce, can be quite complicated.Read more →
Once we have all the information we need to prepare your QDRO correctly, we go through a number of steps to make sure that your QDRO is correct and will be implemented by the Plan Administrator.Read more →