QDRO

QDRO stands for Qualified Domestic Relations Order, and describes a court order that grants rights to, and distributions from a member’s retirement plan to a spouse, former spouse or child/dependent. These are common during a divorce as the household retirement plans are usually distributed between the spouses. Most retirement plans will require a separate order, which is referred to as a QDRO, to provide the non-member spouse or dependent with rights under the plan. If you have not yet addressed your or your spouse’s retirement accounts you should contact us to discuss what your next steps should.

IRS information on QDROs can be found at https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-qdro-qualified-domestic-relations-order