Qualified Domestic Relations Order (QDRO)
Seek Assistance from Dedicated Retirement Asset Division Lawyers in Fairfax
Retirement interests (and determining what you and your spouse are entitled to in each other’s respective retirement accounts) are often a significant issue in divorce settlements. Retirement interests are governed by state and federal laws and can be a complicated asset to divide. Your attorney can help you identify what interest you may be entitled to and how to accomplish the transfer of that interest in the most beneficial (and simplest) way.
Contact Keithley Law, PLLC today to find out how we can help you handle complex financial matters.
Understanding Your Options for Your Type of Retirement Account
Most retirement accounts fall into two main types. A defined contribution plan where the employee (and possibly employer) contribute a monthly amount into a qualified plan (like IRAs, 401(K)s, or TSPs). A defined benefit plan is pension that the employee accrues an interest to be paid monthly on retirement according to time invested in the employment and some set formula (like FERS, CSRS, or VRS). Each retirement plan has complicated rules and procedures addressing division on divorce, so understanding the asset and working with an attorney to protect your interest will be an important component of your divorce.
Even if you and your spouse agree on how retirement assets should be divided, you will typically need your attorney to prepare a Court Order to accomplish the transfer. This is typically done at the time of divorce, or shortly afterward. A “Qualified Domestic Relations Order,” or “QDRO” for short, or “Court Order Acceptable for Processing,” or “COAP” for short, directs the retirement plan administrator of the account to divide the asset in accordance with your agreement or the Court’s ruling. Seeking an attorney experienced with retirement assets division will be an important piece of your financial plan as move forward after the divorce, as even small wording issues can make a huge difference.
The attorneys at Keithley Law, PLLC can help you understand these, and other issues in your family law case. Do not hesitate to reach out to us today at (703) 454-5147 for representation.
The Opinions That Matter
See What Our Clients Have to Say-
“They fight for you, so that you can relax and cross your legs.”
- Former Client -
“If I could extend a rating beyond the maximum of 5 stars, I would gladly do so. Following my initial consultation with Ms. Soo, I engaged the legal services of Ms. Dawn, both of whom exhibit a ...”
- Jamius V. -
“Keithley Law was wonderful in helping me with the process of divorce. Soo, Dawn and the entire team worked in sync with each. They all helped me feel comfortable through out the process. It is very ...”
- Linda H. -
“I was looking for a divorce lawyer who specializes in narcissistic personality disorder. Dawn-Titus-Rogan kept me up to date and communicated with me in a timely manner. Kiran Hussain Faiz, the legal ...”
- Lauren -
“I can’t say enough about Soo, Dawn and Kiran. They are professional, knowledgeable and compassionate. They know how to effectively deal with high conflict personalities to get the most beneficial ...”
- Former Client -
“Thank you for taking your time to really understand my situation and offering fair advice, both positive and negative. I feel my consult was not rushed and the main concern was addressed with ...”
- Rose A. -
“Dawn is an absolutely fantastic attorney. She listened to my concerns, promptly and thoroughly answered my many, many questions, and walked me through the entire process. She helped me understand what ...”
- Eliz R. -
“Dawn was amazing! Absolutely wonderful!! She took time to explain each step of the process and never got tired of answering our questions. We were dealing with a child custody issue and very new to ...”
- Regby -
“Very good experience with this firm. Responded to all of my questions and gave me a great case strategy.”
- Linda L. -
“The reason I chose this law firm is because of Ms. Keithley. She won my business by being completely blunt and honest with me - and that is something I appreciate. She didn't try to get me in the door ...”
- Isaac A.