Qualified Domestic Relations Orders (QDROs)
A Qualified Domestic Relations Order, or QDRO (pronounced “kwä-drō”), is a court order for division of certain retirement assets in divorce. It is the only allowable method of assigning applicable retirement assets to a person that is not the participant in the account, and if done correctly, is an exception to the rule that removing retirement assets will create a penalty and taxable income. It has two primary functions: 1) it tells a retirement plan administrator how to divide the asset; and 2) it provides basic identifying information about the plan and the parties. As these assets can be the single largest asset in a marriage, it's extremely important that the division be done correctly.
At HBHS, we know that the process can be confusing and intimidating, and we have the experience to ensure that the division complies with the intention of the Decree. The Idaho State Bar published an article written by HBHS attorney Natalie Greaves on the subject, available at the following link: QDROS: Because Divorces Aren't Complicated Enough Already.
Natalie Greaves
At HBHS, we know that the process can be confusing and intimidating, and we have the experience to ensure that the division complies with the intention of the Decree. The Idaho State Bar published an article written by HBHS attorney Natalie Greaves on the subject, available at the following link: QDROS: Because Divorces Aren't Complicated Enough Already.
Natalie Greaves