Covering All QDRO Bases in a Divorce
A QDRO (Qualified Domestic Relations Order) is crucial in divorce cases involving retirement assets, as it specifies how funds will be divided between spouses. In one case, a husband assumed his ex-wife’s share of his pension would revert to him upon her death, only to find that the funds would instead go back to the pension plan. This case highlights the importance of including clear provisions in QDROs for unforeseen events, such as the death of an ex-spouse before retirement, to avoid costly legal battles.
Qualified Domestic Relations Orders: What You Need to Know
National statistics regarding marriage and divorce have drastically changed in recent decades. According to the U.S. Bureau of Labor Statistics (BLS), social factors such as the feminist movement, the increasing number of women in the American workforce, and altered perceptions of gender roles have contributed to these changing statistics. Also, the average age of divorce has continued to increase, as […]