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Can we begin the QDRO before divorce is finalized?

Submitted by on Thursday, 01 December 2016 16:41
Yes, Yes, Yes. We encourage beginning the QDRO preparation process during the divorce. Retirement Plan assets are many times one of the largest community assets and it is imperative that these assets be considered in division of community property. Many retirement plans have very specific requirements and it is important that all aspects of the division of each type of plan be addressed in the Marital Settlement Agreement. In addition, if a QDRO is not completed at the time of the divorce and the participant (employee) dies prior to preparation, the Alternate Payee may lose benefits to which they otherwise would be entitled. We encourage use of our QDRO Pros iQ on line system to gather information on each type of retirement plan during negotiation and settlement.

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