QUALIFIED DOMESTIC RELATIONS ORDER (QDRO)
NEGOTIATION / CREATION / REVIEW
WHAT IS A QDRO?
The retirement plan is usually one of the most significant assets in a divorce. It is also one of the most complex. A Qualified Domestic Relations Order (QDRO) is a special order that is required, by the federal government, to allow the assets of a qualified plan, like a 401(k), 403(b), defined benefit, cash balance or profit sharing plan, to be divided. The QDRO must be executed by the court and must also be accepted by the qualified plan before the retirement benefit can be divided.
WHAT IS THE COST OF A QDRO?
- Prepare QDRO documents
- Review and comment on QDRO documents for plan sponsors
- Review of previously prepared QDRO documents
- Analysis of the retirement plan and retirement plan benefits
- Assistance in negotiating for plan benefits
- Assistance in drafting the retirement plan section of the settlement agreement
WHY SHOULD I SELECT THE LAW OFFICE OF MICHAEL R. HAYA AS MY QDRO PROVIDER?
The QDRO, not your divorce order, is the only document that is used to determine your share of the retirement plan, it is, therefore, extremely important that it divides the retirement plan appropriately. It is also important that you understand it well enough to make sure that it provides you with the share of the retirement plan, and any ancillary benefits, that you negotiated for. Unlike many of the other services, we take the time to carefully review your individual case and consider any special circumstances when creating your QDRO. We believe that it is vital that you understand the QDRO order and confirm that the benefit that it provides is the benefit that you expect. As our client, if you have any questions regarding the QDRO or the process, you can call us to discuss. You will be greeted by a live person, rather than a phone tree, and will have access to all of our resources, including Michael Haya. We will only finalize your QDRO once approve of its provisions. Once you approve, we will submit your document for pre-approval by the plan if the plan provides this service. Once it is pre-approved, we will provide the QDRO to you for execution by the court and processing.
All QDRO documents are reviewed by an attorney before they are finalized. We have over 14 years of experience in drafting, reviewing and negotiating QDRO documents.