A QDRO (often referred to as a “Quadro”) is a special document required to divide pension, retirement and profit sharing plans (e.g. 401k, SEP, ESOP, etc.) as part of a property settlement in a divorce or legal separation. The QDRO may be prepared while the divorce or legal separation proceedings are in process or after the court has entered the final decree or order.
In addition to requiring court approval, the QDRO must conform to the requirements of the Plan. Although there are certain elements that should be included in most QDROs, many pension retirement plans have their own unique requirements and language that must be included in order to obtain Plan approval. Thus preparing the legal document is frequently tedious, time-consuming and complicated. As each QDRO must be customized to meet Plan requirements, it is often very expensive to obtain the expertise required to prepare correct paperwork.
Legal Resource has 20 years experience preparing QDROs and working with Plans to obtain approvals. With such a depth and breadth of experience, we are able to offer QDRO document preparation at an affordable price.