Search
  • Patricia Glover

Divorce & Retirement

Although rarely (if ever) planned, more than 50% of marriages end in divorce. When a couple divorces or legally separates, the parties will divide their debts and assets in accordance with the terms of the final Decree (or Order).


In some situations, one spouse is able to set aside a significantly larger retirement savings than the other spouse (e.g, if one spouse stayed home to raise children while the other pursued a career). In such cases, a common tool utilized in divorce cases is a Qualified Domestic Relations Order, also known as a QDRO (pronounced "quadro"), which allows the Court to divide or reassign retirement benefits (such as pensions, 401k accounts, etc.) without incurring penalties for early withdrawals.


A QDRO must contain certain specific information, such as the participant and each alternate payee’s name and last known mailing address and the amount or percentage of the participant's benefits to be paid to each alternate payee.


It's important to work with a legal professional, experienced in handling QDRO issues, who can help you navigate through the process of communicating with Plan Administrators, preparing the case pleadings, and ensuring your QDRO meets state and federal guidelines.


Contact Glover Court Solutions today to discuss your legal needs!

#Divorce #QDRO #QualifiedDomesticRelationsOrder #FamilyLaw #FamilyCourt

12 views

Tel.: (520) 450-1715

Fax: (520) 423-3881

21300 N. John Wayne Pkwy., Suite 120

Maricopa, AZ 85139

©2019 by Glover Court Solutions & Estate Planning. 

Our site uses a third-party service to match browser cookies to your mailing address. We then use another company to send special offers through the mail on our behalf. Our company never receives or stores any of this information and our third parties do not provide or sell this information to any other company or service.

 

To opt-out of receiving direct mail from Glover Court Solutions & Estate Planning, you may send us an email at contact@glovercourtsolutions.com, call us at (520) 450-1715, or send a written request to 21300 N. John Wayne Pkwy., Suite 120, Maricopa, AZ 85139.  We will honor those requests, but please understand that it may take 14 days for such mailings to end.”

 

A “cookie” is a small file stored on your device that is sent by websites, mobile apps, and advertisements that you access. These tiny files are stored on your device to remember your preferences to improve your experience while browsing.

 

Cookies are important because parts of the site rely on them to work correctly; limiting their use or other similar technologies might affect the functionality of the website.

 

By using this site, you agree to these activities, including information collected by our vendors.  If you do not want cookies to be placed on your device, most web browsers permit you to opt-out of cookie-based advertising. Click here for more information - http://optout.networkadvertising.org/#!/