QDROs: 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…
Asset 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…
Custody actions for minor children in Pennsylvania come under the stringent guidelines of the state’s Divorce Code, which have been refined and shaped by multiple opinions of the State Supreme Court that “removes that area of law from the realm of caprice.” This means Pennsylvania Divorce Code contains a catalog of criteria developed to help…