What is a QDRO and why is a QDRO important in a Louisville divorce? A Qualified Domestic Relations Order or QDRO is a legal document which allows the administrator of a retirement plan such as a 401(k) to actually act upon the orders of a judge in a Louisville or Jefferson County divorce.
Retirement accounts, or at least the portion to which you or your spouse contributed during the course of the marriage, are considered to be marital property. Marital property is almost always equally divided between the former spouses in a divorce. While the judge or magistrate in your divorce case may issue orders concerning the 401(k) or retirement account of you or your spouse, the orders cannot be executed by the plan administrator without a properly crafted and executed Qualified Domestic Relations Order or QDRO.
Each plan has their own version of a QDRO and many will not accept any orders from the court or modifications to the format of their own QDROs. This is why it is important to work with the experienced and proven Louisville divorce and family law attorneys at Dodd & Dodd.
We work to facilitate an agreement or settlement of all issues within the divorce documentation including the division of marital property and retirement assets. We ensure a properly formatted and enforceable QDRO is completed and submitted as part of your divorce when applicable.
If you have questions such as what is a QDRO and why is a QDRO important in a Louisville divorce and wish to learn more about how 401(k) and retirement accounts are handled in a Jefferson County divorce we invite you to contact Dodd & Dodd or call 502-584-1108 to schedule an appointment with one of our lawyers.
Review the recommendations of our clients and the legal industry and know the attorneys at Dodd & Dodd are highly skilled, proven attorneys with decades of service in Louisville family law courts.
