QDRO is the legal abbreviation for a Qualified Domestic Relations Order. This is a court order where a Court assigns an Alternate Payee the right to receive a portion of a retirement plan benefits that would normally be paid to a Participant in the plan. These orders are used to divide retirement accounts when a Court distributes such an account in a divorce action. Occasionally, this type of order may be drawn to reimburse a parent to collect unpaid child support.
Qualified Domestic Relations Orders are very specific and very complex orders. They should not be drawn by anyone other than a legal professional, as often these orders will distribute hundreds of thousands of dollars. If you are in need of a Qualified Domestic Relations Order to divide a retirement account, Leiker Law Office P.A. has vast experience drafting these complicated documents, and can help you get this order in place efficiently so the money may be distributed as the Court has intended in your case.
Not all attorneys have experience drafting these documents, so make sure you speak with an attorney about their ability to do so before you enter into a domestic action that may ultimately involve the distribution of retirement benefits. It is not uncommon for a person to get through their divorce only to find out they must hire a second attorney to finish the QDRO work. It is equally important that you speak with your attorney about protecting these assets in a divorce before the Court orders the division of a retirement account in the first place. Make sure you protect your rights. Leiker Law Office, P.A. can help you with the division of retirement accounts and Qualified Domestic Relations Orders.