Qualified Domestic Relations Order


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Qualified Domestic Relations Order (QDRO)

A judgment, decree, or order that gives a pension plan participant access to retirement assets that must be used to pay an ex-spouse or dependent children.

Qualified Domestic Relations Order

In divorces, a court order giving one party a certain percentage of his/her ex-spouse's retirement plan. Usually, the courts split retirement plans in half through qualified domestic relations orders. The spouse receiving benefits from a retirement plan through a qualified domestic relations order becomes responsible for any taxes that would be due on his/her portion of the plan.
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17) This practice prohibited the ability of a small business owner to delay payment pursuant to a qualified domestic relations order without repercussions.
First, qualified domestic relations orders (QDROs) were exempted under IRC section 414(p) and ERISA section *06(d)(3).
Among other requirements, a qualified domestic relations order must specifically identify the plan participant and each alternate payee as well as the pension plan to which the order applies.
Two key factors in some transfers of employment benefits are whether a court-issued qualified domestic relations order (QDRO) is in effect and the timing of the order.
the issuance of a qualified domestic relations order (QDRO)) is beneficiary status conferred on a nonparticipant spouse or dependent.
Upon the death of her ex-husband, the first wife filed suit and requested the court to issue a Qualified Domestic Relations Order (QDRO) that recognized her as the beneficiary of her former husband's pension.
An IRA is not a qualified plan and therefore is an exception to the qualified domestic relations order (QDRO) rules.
Vera Mae Hopkins sued her ex-husband's pension plan after he retired to enforce a qualified domestic relations order (QDRO) giving her the right to a portion of current retirement benefits and naming her the surviving spouse.
IRAs are not affected by the qualified domestic relations order (QDRO) provisions of Sec.
A domestic relations order is a qualified domestic relations order (QDRO) if it complies with a set of requirements aimed at relieving plan administrators from the burden of interpreting a state court divorce decree.
Processing a court-issued qualified domestic relations order (QDRO) is a difficult problem for a qualified retirement plan.
12(c), may include alternate payees under a qualified domestic relations order.
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