Apr 21, 2017
There are many areas where errors can be made in the preparation of a QDRO if you are not utilizing the services of a qualified firm to prepare the order. Examples of these are: Incorrect naming of plan. Not understanding if a plan is defined benefit or defined...
Apr 21, 2017
While this is often overlooked by many practitioners, a second use for a QDRO, beyond the split of marital assets, is that it may be used for child support obligations between the parties. The QDRO itself is very similar to what is prepared for a split of marital...
Apr 21, 2017
The existence of a loan under a retirement plan account is something that needs to be considered in how the apportionment to the alternate payee is determined. First, the loan always remains the property and obligation of the participant. Second, however, when a loan...
Apr 21, 2017
The answer to this questions depends on whether the retirement asset was addressed in your decree. If it was, but a QDRO was not prepared during or following the finalization of your divorce, it can be prepared at any future time, as long as the participant under the...
Apr 21, 2017
How a QDRO is processed really depends on the services provided by the party preparing the order. When you utilize the services of Gary A. Nagler, P.L.L.C., we prepare and provide the order to you and your legal counsel that represented you in the divorce...
Mar 14, 2017
When you are faced with one of the most difficult situations in your life, it’s sometimes hard to keep things in perspective. If your spouse has always handled the family finances you may be in the dark about any retirement assets. Sometimes one or both parties can...
Mar 13, 2017
What is a Domestic Relations Order (DRO)? A domestic relations order is a judgment, decree or order, made pursuant to a state’s domestic relations or community property law, which relates to the provision of child support, alimony, or marital property rights to a...
