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Posted on Oct 19, 2020

Lacie Bowden Law

Divorce Attorney in Pensacola
LACIE BOWDEN LAW

Getting divorced involves much more than just physically separating from your spouse. Before a divorce can be finalized, a couple must come to an agreement regarding numerous issues, including the division of property and assets. Whether as a result of negotiations or a court order, a determination about the division of a couple’s retirement accounts and pension must be made before the divorce can be finalized.

However, merely having a court order with a dollar amount specifying how much one spouse is owed from the other’s retirement account is not enough; this order will not be enforced without a Qualified Domestic Relations Order, or QDRO.

What Is a QDRO?

A QDRO is an order, issued by a family court in Florida, that establishes one party’s right to obtain payments/benefits from the retirement account of another party. A QDRO can be issued as part of the original divorce judgment, or can be obtained post-divorce. Either way, however, it is important to note that owed retirement benefits will not be distributed without a QDRO. The QDRO must be approved before the alternate payee (the spouse to whom benefits must be distributed) will be awarded any benefits.

Call Lacie for a free hour Consultation.

LACIE BOWDEN LAW
67 Bay Bridge Dr
Gulf Breeze, FL 32561
(850) 565-5128
http://bit.ly/2S33nIA
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