(17) This practice prohibited the ability of a small business owner to delay payment pursuant to a
qualified domestic relations order without repercussions.
A
qualified domestic relations order is defined as a domestic relations order (see Q 118):
For every
Qualified Domestic Relations Order (QDRO) you will need four items of basic information.
Another possible solution is for the divorcing taxpayers to use a
qualified domestic relations order (QDRO) to transfer an interest in an IRA.
QDRO: A
qualified domestic relations order (QDRO) is a domestic relations order that creates, or recognizes, an alternate payee's--former spouse, child, or other dependent's--right to receive, or assigns to an alternate payee the right to receive, all or a portion of the benefits payable to a participant under a retirement plan.
The former spouse's argument that she was an alternative payee eligible to be treated as the distributee under a
qualified domestic relations order (QDRO) was rejected by the court.
Poorly drafted property division settlements and failure to divide qualified plans properly using a
Qualified Domestic Relations Order (QDRO) seriously can affect the retirement of one or both spouses.
Impact of bankruptcy on a
qualified domestic relations order. The U.S.
Under a
qualified domestic relations order (QDRO) issued after Walton's retirement from the USAF, Mitchell was awarded one-half of the community property interest in Walton's net disposable military retirement pay.
Ways to avoid this include the use of a
qualified domestic relations order or an IRA.
Likewise, that a
qualified domestic relations order directing the pension to pay the former spouse did not exist was immaterial.
Division of this asset can be accomplished using a
qualified domestic relations order (QDRO).
