When qualified plan benefits are the subject of a negotiated divorce settlement, an order detailing the division of the retirement accounts must be drafted to comply with the plan and approved by a court. The “Qualified Domestic Relations Order” establishes the right of a participant’s spouse or dependents under the plan to receive benefits. Click here to read more about the plan requirements for dealing with divorce settlements.
For questions or more information, please contact Richard Green at rgreen@windes.com or 844.4WINDES.
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