What is a Qualified Domestic Relations Order (QDRO)?

Minnesota divorces, property settlements, and federal law If you are in the property division stage of a divorce proceeding, you may have heard reference to a qualified domestic relations order (QDRO).  What is a QDRO, and what do you need to know about them? First off, a QDRO is a subcategory of domestic relations orders.  Great, you think, what’s a domestic relations order then?  A domestic relations order is a court judgment, decree, or order that relates to child support, alimony payments, or marital rights.  This includes court approval of a property settlement agreement. A QDRO is a domestic relations …

How Do I Divide A 401k During My Divorce? (Hint: it’s a QDRO!)

How Do I Divide A 401k During My Divorce?  (Hint: it’s a QDRO!)

A QDRO is short for a Qualified Domestic Relations Order. This is an order that allows you transfer either portions or a whole retirement account between you and your spouse without either 1) the taxes being paid upon transfer and 2) penalty free. It’s very common in Minnesota Divorces to do a QDRO (Hint: we divorce lawyers typically pronounce it as one word a QWAD-RO), but this little beauty is often not talked about very often and many people going through a divorce don’t really understand the mechanism of how retirement money will be divided. My goal is to pull …