Lacie Bowden Law
Lacie Bowden Law
Sep 19, 2020
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