Divorce is emotionally dislocating. Your identity, your daily habits, your emotions are all subject to revision. It is not always required, though, that you also change your physical residence. One spouse, most likely, will leave the marital home, but does this mean the remaining spouse MUST sell and move as well? Not necessarily. There are…
Read MoreQDROs: Mistakes in Splitting Retirement Funds A Qualified Domestic Relations Order (QDRO) is the primary way to transfer ownership of most retirement funds to a divorcing spouse. Once you understand that federal law dictates this process, which is administered through your state’s divorce regulations, you should consider some key points as to by whom and…
Read MoreAsset division. QDROs, or Qualified Domestic Relations Orders, are the primary way divorcing spouses can legally divide retirement benefits, which are tightly regulated by federal law. The one exception is IRAs, which do not require a Court Order to divide. The Employee Retirement Income Security Act of 1974, or ERISA, oversees many U.S. retirement plans, regulating how they must be…
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