Friday, February 16, 2007

Qualified Domestic Relations Orders

As more and more people are planning for their retirement, the division of pensions, 401{k)'s and other retirement savings plans has become and essential part of the divorce process. When a retirement account is split between divorcing parties, its necessary to obtain a Qualified Domestic Relations Order ("QDRO"). This Order is usually drawn up by a professional who specializes in QDROs. Many people wonder what exactly is contained in a QDRO and what they actually are. The link below is a good resource to learn more about QDROs and whether it is something that can be used in your divorce case:

http://www.dol.gov/ebsa/faqs/faq_qdro.html

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