What is a Qualified Domestic Relations Order (QDRO)?
A Qualified Domestic Relations Order (QDRO) is a court order issued in the state of Nebraska that determines how child support assets, such as a retirement account, are divided between two parties. This order is typically issued when one parent is responsible for paying child support to another parent and they have agreed to divide their marital or other property. With a QDRO, one parent’s retirement account can be divided up and used to help pay for court-ordered support, as well as potential attorney fees and other costs. A QDRO is typically used in a divorce or legal separation where a court is involved. During the QDRO process, the court will review financial information from both parties and determine how assets should be divided between them. This type of court order may also include how certain benefits, such as health insurance, should be determined between the two parties, in addition to who will receive the funds associated with the retirement account. Although a QDRO is used in divorce or legal separation cases, the same type of court order can be used to divide up support payments when both parents agree to the support plan. This type of order can help protect both parties from potential disputes down the line, as well as help to ensure the appropriate amount of funds are provided for the child’s care. If you are considering filing a QDRO, it is recommended that you consult with an experienced family law attorney to ensure the best possible outcome for your case.
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