Understanding Qualified Domestic Relations Orders
During a divorce, many people are concerned with making sure their property is equitably divided. Many people think about dividing their home and estate, but there are also intangible assets to be divided. Retirement accounts can be extremely valuable, and it is important to make sure they are fairly divided between both spouses during the divorce.
A Qualified Domestic Relations Order (QDRO) transfers retirement benefits maintained by one spouse's plan to the other spouse. This is a highly technical area of law, and it is important that the attorney who is creating the QDRO carefully consider the specific legal requirements.
At William R. Pike & Associates, LLC, located in Marietta, we have 19 years of experience working with clients throughout Cobb, Paulding, and other surrounding counties to equitably divide all martial property.
Understanding the Federal Law That Regulates QDROs
A Qualified Domestic Relations Order can be used to divide a variety of retirement accounts, including 401(k)s, IRA funds and military retirement benefits. QDROs facilitate certain provisions set forth within the original order and require whoever is administrator of the fund to facilitate the transfer.
If you are getting divorced, it is important to protect your rights and assets throughout the process. Contact us online or call 678-564-0199 to schedule your free initial consultation with an experienced lawyer.
