A qualified domestic relations order (QDRO) is a court decree that mandates how assets in a retirement plan or pension fund will be divided in a divorce. The QDRO may specify the amounts to be paid to a former spouse, child, or other dependent for child support, alimony, or marital prop...
For example, theThrift Savings Plan (TSP)—adefined-contribution planfor federal employees and members of the uniformed services—requires that the division of assets be clearly spelled out and referred to as the TSP balance directly in the divorce decree. Aqualified domestic relations order (QDRO)...
Dividing assets and financial accounts in divorce If you're considering how to fairly divide assets, remember that some accounts get a different tax treatment than others. That can make 2 accounts that are otherwise equal in value, more or less valuable after taxes are considered. For example...
In some situations, you may need a court order for other matters. For instance, a court may need to order an administrator to distribute a portion of your spouse’s pension to you. This is called a QDRO, Qualified Domestic Relations Order. ...
Having asset protection is critical to protecting your assets from creditors. There are many circumstances in which your assets can be attached orgarnishedby creditors, including if you file for bankruptcy, get a divorce, or are in a civil lawsuit. ...