Order I get a lot of questions regarding QDROs and what exactly they are. A QDRO, or qualified domestic relations order is a legal document that is usually prepared by an attorney that a couple who are getting divorced would fill out if there is a retirement fund that needs to be divided between the two.
Who Should Fill Out A QDRO? If you are getting divorced and have any amount of retirement saved up, you should be filling out a qdro form. There is a good chance that any money that has been stocked away for the future is just as much your as it is your spouses.
Why should someone fill out and submit a QDRO? In most cases, the breadwinner of the home has a good job with a retirement that is built up over time. Even though one person and possibly their employer has contributed to that retirement fund, both parties are entitled to receive some of those funds upon divorce. That money is no different than any other asset that the couple might have purchased or invested in together.
How Does Someone Fill Out & Submit A QDRO For Review? There are two ways to get the qdro forms, fill them out, and submit them to a judge. The first, which is not recommended is to locate the forms online, print them out, fill them out, and submit them yourself to a judge. This is always risky because judges won't even look at them if they haven't been filled out properly.
Yes, this is an option, but not a good option. It is recommended that qdro forms should be filled out by a legal professional who specializes in drafting qdros. Doing so will give you the best shot at having the document approved and best shot at getting the retirement funds that you deserve.
When should someone fill out a QDRO document? If you are getting divorced, it is always wise to seek legal counsel as soon as possible. This is the same when it comes to filling out a qdro form. Many times, your divorce lawyer will be able to do this for you, but sometimes they don't know how or aren't as familiar with the process. In that case, he or she would probably recommend a good qdro attorney to help you.
So, if you are entitled to a retirement fund that your spouse has built up over the years of employment, you definitely need to fill out a qdro right away. As with any legal document, it is always wise to seek the advice and counsel of a qdro attorney.
Who Should Fill Out A QDRO? If you are getting divorced and have any amount of retirement saved up, you should be filling out a qdro form. There is a good chance that any money that has been stocked away for the future is just as much your as it is your spouses.
Why should someone fill out and submit a QDRO? In most cases, the breadwinner of the home has a good job with a retirement that is built up over time. Even though one person and possibly their employer has contributed to that retirement fund, both parties are entitled to receive some of those funds upon divorce. That money is no different than any other asset that the couple might have purchased or invested in together.
How Does Someone Fill Out & Submit A QDRO For Review? There are two ways to get the qdro forms, fill them out, and submit them to a judge. The first, which is not recommended is to locate the forms online, print them out, fill them out, and submit them yourself to a judge. This is always risky because judges won't even look at them if they haven't been filled out properly.
Yes, this is an option, but not a good option. It is recommended that qdro forms should be filled out by a legal professional who specializes in drafting qdros. Doing so will give you the best shot at having the document approved and best shot at getting the retirement funds that you deserve.
When should someone fill out a QDRO document? If you are getting divorced, it is always wise to seek legal counsel as soon as possible. This is the same when it comes to filling out a qdro form. Many times, your divorce lawyer will be able to do this for you, but sometimes they don't know how or aren't as familiar with the process. In that case, he or she would probably recommend a good qdro attorney to help you.
So, if you are entitled to a retirement fund that your spouse has built up over the years of employment, you definitely need to fill out a qdro right away. As with any legal document, it is always wise to seek the advice and counsel of a qdro attorney.
About the Author:
QDRO forms are needed to split retirement assets. A QDRO is necessary to assure equal distribution to both parties in a dissolving marriage.