The model QDRO template provided by the Plan Administrator is free, so why can't we use it?
Getting a handle on your bills may seem like just another item on your overwhelming "To Do" list, but this problem is one you can tackle one step at a time.
A portion of an IRA (Individual Retirement Account) can be transferred without tax penalty into an IRA Account for the alternate payee, if the alternate payee is the spouse or former spouse and the transfer is pursuant to a divorce.
Hiring a lawyer experienced with the division of pension benefits can help you to better understand your spouse's military pension and how it affects you.
A QDRO is a court order with the purpose of dividing the pension as if it were property between the employee and their non-employee spouse.
The term QDRO, or Qualified Domestic Relations Order, applies to the private sector. Federal pensions are exempt from QDROs because they are exempt from ERISA, the Employee Retirement Income Security Act of 1974.
"What is the collaborative law?" In…
With so many military personnel in parts of California, divorce in which one spouse is with the military is not uncommon. This creates a fair amount of complications involving support orders and especially child custody.
Financial distress can soon develop into a general sense of despair, especially for those who have just ended a marriage. This is where debt management comes in.
Judge Lynn Toler offers her perspective on some common mistakes she's seen unrepresented people make and a few tips on how to take the edge off the process.