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When it comes to paying child support or alimony, some former spouses can become uncooperative. What many custodians don’t know is that a Qualified Domestic Relation Order can be used to collect such support payments. However, a QDRO distribution paid…
When you’re going through a divorce or perhaps nearing its finalization, you may rely on your soon-to-be ex’s retirement benefits to start life anew. Probably to get a new home, go back to school, or travel. However, you’re likely to…
A QDRO is typically a court order that demands that a portion of a retirement plan be paid to another person. This is different from the normal couple’s asset division since it doesn’t make provision for retirement accounts. In this…
Most people often think that once a judge has signed their QDRO order, that seals the deal. In reality, it is much more complicated than that. The reason is that the Plan Administrator has the final say, and can decide…
There is no doubt that divorce can be a nasty period where both parties struggle to cope with the new change. It comes with lots of troubles, and most of the time, lead towards the sharing of property. It becomes…
QDRO is an incredible tool that divorcing couples can use to divide some assets, such as IRA, 401(K), 401(b), and so many others. However, when it comes to using that money to buy a house, there are numerous factors to…
Losing parts of your properties can be saddening during divorce, but some losses can be mitigated if you take the right steps. The right step… involves paying no taxes or any other fees when you're distributing child support, spousal support,…
When it comes to QDRO, your plan administrator has the final say. Most individuals believe that the plan administrator is subjected to a court order, but that is far from the truth. The job of a plan administrator is to…
A Qualified Domestic Relations Order (QDRO) from your retirement plan provider will be required to obtain a percentage of retirement after divorce. Furthermore, if you do obtain your portion of retirement assets without the order, which is extremely unlikely, the…
When we delve into the processes involved in obtaining a qualified domestic relations order, you'll discover that many parties come to play. These processes can be sliced into steps, which no doubt makes it comprehensible if you're about to obtain…
