Why should I get a QDRO now? Why can’t I wait until my former spouse retires or until I need the money?
If you delay in obtaining a QDRO, you may lose valuable rights and run the risk of forfeiting benefits awarded to you in your divorce. Your rights may be lost if your former spouse does any of the following before your QDRO is submitted to and accepted by the pension Plan:
- Quits or is fired
- Withdraws fund from the Plan before retirement
- Takes out a loan secured by the Plan account
Speak to an Experienced Qualified Domestic Relations Order Attorney Today
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified qualified domestic relations order lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local qualified domestic relations order attorney to discuss your specific legal situation.
Additional Qualified Domestic Relations Order Articles
- Why do I need a QDRO?
- Why do I need a QDRO prepared by an attorney? The retirement plan sent me a model QDRO.