Arizona QDROs Divide Pensions and Retirement Plans in Divorce
arizonalawgroup.com
Arizona QDROs Divide Pensions and Retirement Plans in Divorce
How does a divorce affect assets like pensions, 401(k)s, and retirement plans? Well, a QDRO attorney is the one to talk to. Here is what you need to know.
57 viewsFeb 19, 2019
Qualified domestic relations order Definition
It’s called a QDRO (Qualified Domestic Relations Order). A QDRO tells the retirement plan how to divide a 401(k) or pension after divorce without triggering taxes or penalties. Just saying “we’ll split the account” in your agreement isn’t enough. The plan won’t divide the account without this order. I’ve seen too many people think it was handled, only to realize later they gave up tens (or hundreds) of thousands in retirement savings because the paperwork wasn’t done. I tell all my clients that:
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It’s called a QDRO (Qualified Domestic Relations Order). A QDRO tells the retirement plan how to divide a 401(k) or pension after divorce without triggering taxes or penalties. Just saying “we’ll split the account” in your agreement isn’t enough. The plan won’t divide the account without this order. I’ve seen too many people think it was handled, only to realize later they gave up tens (or hundreds) of thousands in retirement savings because the paperwork wasn’t done. I tell all my clients that:
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