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All Pro ODRO is dedicated to assisting law firms and individuals in the negotiation, drafting, and administration of Qualified Domestic Relations Orders.
What is a QDRO?
Qualified Domestic Relations Order (QDRO): refers to a judgment, decree, or order that creates or recognizes the existence of an alternate payee's right to receive all or a portion of a plan participant's benefits.
What is the Purpose of a QDRO?
A QDRO is used to divide marital property and provide for the payment of accrued or non-accrued alimony or child support. Depending on the court, it is possible to use a QDRO to provide group health benefits to a spouse or former spouse of the participant.
Why is a QDRO Necessary?
Why is a QDRO Necessary?
Under federal law, a QDRO is the only instrument under which benefits and benefit rights under qualified employee benefit plans can be transferred to a non- participant from a participant. The benefits and benefit rights of participants under qualified benefit plans are exempt from the claims of creditors and are nontransferable. States and state courts do not have the authority to remove these restrictions.
Why Use All Pro QDRO?
At All Pro QDRO your QDROs are professionally prepared by a licensed attorney. A QDRO is a legal document. Do you want your QDRO prepared by a licensed attorney or someone else?