What Is a QDRO?

You may have heard the abbreviation QDRO (pronounced “quadro”) mentioned with reference to divorce. A QDRO is a qualified domestic relations order. When you or your spouse has an employer pension plan, you are generally not allowed to transfer the funds in that account to anyone else. However, when you divorce, funds in a retirement account that were earned during marriage are marital assets and can be divided as part of the divorce. A QDRO is a court order that allows assets in the fund to be transferred to a spouse, child or former spouse as part of the divorce. What this means is that if your spouse has an employer retirement account in his or her name and the court decides you are entitled to a portion of those funds, then money can be moved out of the account to an account in your name.

A QDRO is a very specific type of document which must be carefully crafted by your attorney to meet all legal specifications. This is a very complex transaction and it often takes time for the document to be crafted and then accepted and implemented by the plan. If you receive a portion of your spouse’s account, you will need to roll it over into another account in your own name and it is essential that you talk with your attorney and your financial advisor about how to do this correctly.

DeTorres & DeGeorge is ready to discuss QDRO options with you as well as all other aspects of your divorce in Bloomsbury, New Jersey and the surrounding areas. Call us to schedule a consultation at 908-284-6005.

Divorce Guide
About DeTorres and DeGeorge Family Law

DeTorres and DeGeorge Family Law is a New Jersey based family law firm that has been helping New Jersey residents achieve the best possible results in their divorce for nearly 30 years. The DeTorres and DeGeorge Family Law team is always ready to fight for their clients’ rights – determined to help New Jersey families overcome legal challenges from start to finish. Our legal team, with over 65 years of combined experience, provides expert guidance on all family law and divorce-related matters, including custody and parenting time, alimony and child support, equitable distribution of assets, premarital agreements, post-divorce issues, executive compensation distribution, divorces for business owners, and divorce mediation. The firm has been recognized for its dedication and expertise in the industry by multiple local and national organizations, including Super Lawyers, Law Firm 500, and the American Institute of Family Law Attorneys. Rosanne DeTorres, Managing Partner, is one of 150 lawyers certified as a matrimonial law attorney.

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