What is a qualified domestic relations order (QDRO)?

A qualified domestic relations order (QDRO) is a court order that establishes a division of property in a divorce settlement in South Carolina. This order usually outlines how marital assets, such as benefits from retirement plans and pensions, will be divided between parties in a divorce. In South Carolina, a QDRO must be written in accordance with the laws of the state, and it must be signed by both the court and the parties involved in the settlement. Generally speaking, a QDRO will identify the marital assets that are subject to division and then direct the plan administrators to transfer the assets to the appropriate parties. These assets may include pension benefits, 401(k) plans, annuities, and other retirement accounts. It may also provide instructions for how the marital asset is to be divided and specify when payments are to be made. A QDRO is important because it helps to ensure that both spouses are receiving what they are owed in the divorce settlement. Without a QDRO, it may be difficult or impossible for either party to access their share of the marital asset. In addition, QDROs help reduce the amount of legal and administrative costs associated with dividing marital assets in a divorce.

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What is a qualified domestic relations order (QDRO)?

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