qualified domestic relations order

When spouses are divorcing, they usually go through a process of property and debt division called equitable distribution. During this process, retirement accounts are often one of the larger assets divided between spouses. Depending on the type of retirement accounts each spouse may own, a Qualified Domestic Relations Order (QDRO) may be necessary to divvy up the money. A QDRO (pronounced cue-dro or qua-dro) is a court order specifically designed to transfer to a current or former spouse the right to a portion of the other spouse’s retirement account. While QDROs are most often used in …Read More