Parents giving piggyback ride to children

QDROs And Illinois Divorce

Barrington QDRO Attorney

Located in Barrington, Illinois, Richard W. Culver, Ltd. furnishes legal advice and representation pertaining to proposed Qualified Domestic Relations Orders (QDROs) in divorce/dissolution of marriage cases. Consider Richard W. Culver, Ltd. to help protect and safeguard your legal rights and financial interests during the divorce process.

Protecting Retirement Benefits | Qualified Domestic Relations Order (QDRO):

In an Illinois divorce case, retirement benefits, if made or contributed to during the marriage, may be a substantial portion of the marital estate. A legal issue arises as to whether the retirement benefits, if considered marital property, were made to a private retirement plan or to a public retirement system.

If the retirement benefits were made to a private retirement plan and if the retirement benefits are considered marital property and will be divided between the spouses, then a Qualified Domestic Relations Order (QDRO) will be necessary. Please note that a private retirement plan cannot pay an alternate payee, such as a former spouse, based upon a Judgment of Dissolution of Marriage, incorporating a Marital Settlement Agreement; rather, a private retirement plan can only pay those retirement benefits to a former spouse according to a Qualified Domestic Relations Order (QDRO). A Qualified Domestic Relations Order (QDRO) creates or recognizes the existence of an alternate payee's right to, or assigns to an alternate payee the right to, receive all or a portion of the benefits payable with respect to a participant under a private retirement plan.

Due to the complex nature and the significant legal and financial implications involved in property division and in the preparing of a Qualified Domestic Relations Order (QDRO), it is prudent to seek the counsel of a skilled matrimonial and family law attorney. Richard W. Culver, Ltd. can help you learn more about Qualified Domestic Relations Orders (QDROs) and can evaluate your specific situation.

Contact a Barrington QDRO Lawyer at Richard W. Culver, Ltd. With Your Questions and Concerns

If you have any questions or concerns pertaining to Qualified Domestic Relations Orders (QDROs), call 847-382-2900 or complete the online contact form to arrange a confidential initial consultation at Richard W. Culver, Ltd. Evening and weekend appointments are available in order to accommodate all schedules. Review seven tips for your initial consultation with a divorce attorney.