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A qualified domestic relations order (or QDRO, pronounced "cue-dro" or "qua-dro"), is a judicial order in the United States, entered as part of a property division in a divorce or legal separation that splits a retirement plan or pension plan by recognizing joint marital ownership interests in the plan, specifically the former spouse's interest in that spouse's share of the asset.
The Uniformed Services Former Spouses' Protection Act (or USFSPA) is a U.S. federal law enacted on September 8, 1982 to address issues that arise when a member of the military divorces, and primarily concerns jointly-earned marital property consisting of benefits earned during marriage and while one of the spouses (or both) is a military service member.
The road to Reno: A history of divorce in the United States (Greenwood Press, 1977) Chused, Richard H. Private acts in public places: A social history of divorce in the formative era of American family law (U of Pennsylvania Press, 1994) Griswold, Robert L. "The Evolution of the Doctrine of Mental Cruelty in Victorian American Divorce, 1790-1900."
401(k) and IRA and Divorce in Colorado If you have a retirement account either through your workplace or individually, it will likely be impacted by your divorce.
401(k) and IRA and Divorce in Alabama If you have a workplace retirement plan like a 401(k), you might end up splitting the funds , either by agreement or on an order from the judge.
Normally, taking money out of a 401(k) or another retirement plan would result in a 10% penalty. The judge, though, will issue a qualified domestic relations order (QDRO) which will result in ...
The Retirement Equity Act (REA) of 1984, signed into law by President Ronald Reagan on August 23, 1984, reconciled confusion over whether ERISA preempted state divorce laws, thereby preventing pension plans from complying with court orders giving a spouse a portion of the worker's pension in a divorce decree.
401(k) and IRA and Divorce in Idaho If money was put into a retirement plan such as a 401(k) or IRA during a marriage, those dollars are considered marital property. As such, they may be split up ...
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