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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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