{"id":5243,"date":"2016-09-19T21:33:26","date_gmt":"2016-09-19T21:33:26","guid":{"rendered":"http:\/\/www.racinelaw.net\/?p=5243"},"modified":"2016-09-19T21:33:26","modified_gmt":"2016-09-19T21:33:26","slug":"what-is-a-qdro","status":"publish","type":"post","link":"https:\/\/www.racinelaw.net\/blog\/what-is-a-qdro\/","title":{"rendered":"WHAT IS A QDRO?"},"content":{"rendered":"

By Nathan R. Palmer<\/a><\/p>\n

A Qualified Domestic Relations Order (a.k.a “QDRO”) is an order from a court requiring the division of certain qualified retirement plans as a result of divorce. Many Idaho divorces involve the process of dividing community property, which includes monies accumulated in retirement accounts during marriage. Most retirement plans will not simply distribute funds from the accounts due to a plan participant\u2019s divorce as retirement plans are subject to strict regulation to ensure fairness and accuracy. As a result, a QDRO is generally the only option available for the division of the majority of retirement accounts.<\/p>\n

A QDRO is not automatically issued during the divorce process. Once the court enters an order dividing the parties\u2019 property (or once the parties agree upon a property division), the spouse whose name is not on the qualified plan (a.k.a. the alternate payee) generally requests that the court issue a QDRO. The alternate payee spouse will want to contact the plan administrator to gather as much information as possible prior to seeking a QDRO from the court. The reason being, most qualified plans require specific information to be contained in the QDRO. Many plan administrators will provide you with a sample QDRO for your reference when seeking a QDRO from the court. Regardless, seeking a QDRO can be tedious and frustrating if not properly undertaken.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

By Nathan R. Palmer A Qualified Domestic Relations Order (a.k.a “QDRO”) is an order from a court requiring the division of certain qualified retirement plans as a result of divorce. Many Idaho divorces involve the process of dividing community property, which includes monies accumulated in retirement accounts during marriage. Most retirement plans will not simply […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-5243","post","type-post","status-publish","format-standard","hentry","category-family"],"yoast_head":"\nWHAT IS A QDRO?|Racine Olson<\/title>\n<meta name=\"description\" content=\"A QDRO is an order from a court requiring the division of certain qualified retirement plans as a result of divorce. Questions? 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