Ensure that your retirement accounts are properly divided
As part of the divorce process, you may need a Qualified Domestic Relations Order (QDRO) prepared to divide a retirement account. A QDRO is required for a divorce when pension funds or qualified retirement accounts are involved. This order establishes your future ex-spouse’s legal right to receive a designated percentage of your qualified plan account balance or benefit payments.
For non-qualified retirement accounts, such as an IRA, a QDRO is not usually required. Instead, a copy of your marital settlement agreement will suffice to transfer the funds. There are special exceptions for qualified retirement accounts when money is being transferred pursuant to a divorce. Ask us about your available options when discussing your retirement accounts.

While we do not draft QDROs in-house, we have established relationships with high-quality professionals that specialize in drafting QDROs. We will make the introductions and stay on top of the process to ensure it is completed in a timely manner and not a forgotten detail.
Resources
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By Jen Segura So, I do not consider myself a movie buff (whatever that is…), but there are certain movies, shows, mini-series, etc., that is SO well done. Until much later, you may not even realize how amazing it is … Read More
3 Things to Ask For In Divorce Mediation
Entering into any divorce typically puts couples in a defensive state of mind. Understandable since our society has depicted divorce as an adversarial process. However, divorce can be a collaborative event in which each party contributes their feelings, thoughts, and … Read More
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