QDRO Lawyer for Rocklin
Understand Qualified Domestic Relations Orders in Placer County
A special type of court order, also known as the Qualified Domestic Relations
Order, or QDRO, divides the retirement plan between two parties in a divorce
- According to state law, a Qualified Domestic Relations Order:
- Recognizes the right of a former spouse, domestic partner or child to receive
a part or all of a pension plan that belongs to their former spouse
- Is typically required in divorce proceedings where parties are dividing
their retirement plan benefits
- Applies to both parties in a divorce if one of the spouses earned retirement
benefits during the course of the marriage
There are several ways that the QDRO plan can be calculated. Unless otherwise
specified by the Marital Settlement Agreement or judge, a formula is used.
This formula is based on several variables to compute the amount payable
to the alternate payee. For cases where a lump sum is distributed, the
alternate payee can choose to receive the single payment or to apply the
amount to an Individual Retirement Account.
We Are Your Advocates Throughout the QDRO Process
In most cases, the process of obtaining a QDRO takes approximately two
to four months from the start of the drafting. The length of the process
will vary depending on several factors such as the time it takes for the
court to issue the QDRO or the time it takes to formally approve the QDRO.
The QDRO isn’t always included in the
divorce process. Many couples become angered after paying high fees to their attorney
and the QDRO wasn’t even included. If you need legal advice or help
settling the QDRO portion of your divorce,
contact us at the Law Offices of Keegan & Myers, PC. We take an understanding
and aggressive approach for our clients’ legal needs.
Call our experienced Rocklin family law attorney at (916) 634-0067 to
discuss your QDRO. We offer a
low-cost initial consultation and are able to assist clients in Placer County, Sacramento, and beyond.