After the Divorce We Can Help Prepare the QDRO
Basics
A qualified domestic relations order is a judgment, decree, or order that is included in a divorce judgment and deals with pension funds and/or an employee benefit plan. The QDRO establishes the non-pension or employee benefit holders legal right to receive a designated percentage of the plan account balance or benefit payments for the benefit of child support, alimony/spousal support payments, or marital property rights for the benefit of a spouse, former spouse, child, or other dependent of a participant.
Because QDRO's are complex legal documents and your future financial security is at stake, they should be drafted only by a qualified and experienced attorney. Let Melder & Melder, P.C. be that attorney.
Types of Plans
We can help with all types of Plans. Private (corporate) pension and benefit plans such as 401(k), 403(b), 457, defined benefit monthly payment, TIAA/CREF, etc., may be divided by a QDRO under a Federal law called ERISA. State and County retirement plans EDRO, Eligible Domestic Relations Orders, are also covered by this broad category. Military retired pay, Federal and State government civil service plans, and IRA's may be divided by similar orders known as Qualifying Court Orders (for military retired pay under the Uniformed Services Former Spouses Protection Act, or USFSPA), Court Orders Acceptable for Processing (for Federal civil service plans), and Transfers Incident to a Divorce (for IRA's). Our firm prepares all types of these orders: QDRO's for corporate (ERISA) plans, QCO's for military retired pay, COAP's and RBCO's for Federal and State civil service plans, and TID's for IRA's.
Why do it now
If you delay in obtaining a QDRO, you may lose valuable rights and run the risk of forfeiting all of the benefits which were awarded to you in your divorce. It is very important to get all of the necessary orders properly filed and in place as soon as possible. Delaying in moving forward may cost you all of your rights.
Call Melder & Melder, P.C. We provide more than just legal representation. We provide confidence that you are doing things right.
For a free telephone consultation with one of our attorneys - call our offices in Royal Oak or contact us online with a brief description of your concerns.
