QDRO (the what and how)
QDRO is the acronym for Qualified Domestic Relations Order. These types of specialized Orders are prepared under Federal Statute to divide a retirement asset (like a pension or 401(k)) so that the spouse receiving funds from a 401(k) does not get taxed by the IRS for the distribution when done in the context of a divorce.
These Orders are painfully slow to move from drafting to Court entry, and some lawyers only focus their practices on QDRO preparation. The reality is that many QDROs take time and the process is time consuming.
Here are the general steps to a QDRO:
(this article is still under draft. It should be completed by November 17th).