What is a qualified domestic relations order (QDRO)?

A qualified domestic relations order (QDRO) is a legal document used in Texas divorce law that lays out the terms of an agreement regarding the division of any retirement accounts between two divorcing spouses. It is typically issued by a court as part of the divorce settlement. QDROs are also sometimes needed when one spouse is receiving alimony or child support as part of the divorce. QDROs must meet certain requirements in order to be legally binding. They must be drafted, scanned, and signed by both parties to the divorce. In some cases, both parties must agree to the terms of the QDRO before it will be approved by the court. The document must also include the names and Social Security numbers of each spouse, the type of retirement plan being divided, and the exact amount of money each spouse is entitled to. In some cases, QDROs are required by the court in order to split up pension plans and other types of retirement savings. The orders can also be used to transfer benefits from one spouse to another, such as health insurance, as well as designate who is responsible for making payments to the account. QDROs are an important part of the divorce process in Texas and can help ensure that both parties are given an equitable share of retirement savings or other assets. Without a QDRO, the division of assets may be more difficult and could result in one spouse being left out.

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What is a qualified domestic relations order (QDRO)?

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