What is a Qualified Domestic Relations Order (QDRO)?
A Qualified Domestic Relations Order (QDRO) is a legal order that is issued by a court in Washington and is used to split pension, retirement, or other types of funds held in a qualified retirement plan. A QDRO can be used to divide the assets and income streams between two people, such as in the case of a divorce. In Washington, a QDRO is typically issued when one spouse has a legal right or obligation to receive assets from the other spouse’s retirement plan. The order will detail exactly how the assets should be divided, specifying the amount that will go to each party. In some cases, a QDRO can also be used to transfer assets out of the retirement plan and into a separate bank account or trust. With the assistance of a qualified attorney, both parties in the divorce or separation can create a QDRO that meets the specific requirements of the court and complies with the laws of Washington. A QDRO is an important part of a divorce in Washington, as it allows both parties to have a fair and equitable share of the assets in a qualified retirement plan.
Related FAQs
Are child support payments enforceable by law?Is a lump sum payment acceptable in lieu of regular child support payments?
What type of visitation rights are associated with a child support order?
What happens if the amount of child support payable is more than the paying parent can afford?
What is the process for establishing paternity?
Are arrearages for child support dischargeable in bankruptcy?
What happens to unpaid child support arrears?
How is a deviation from the presumptive guideline calculated?
Can child support be enforced internationally?
How do I receive child support payments?
Related Blog Posts
What is Child Support and How is it Calculated? - July 31, 2023Uncovering the Complexities of Child Support Law - August 7, 2023
Common Questions Asked About Child Support Payments - August 14, 2023
Reducing Child Support Payments: Essential Legal Information - August 21, 2023
Negotiating Child Support Modifications - August 28, 2023