Receiving Retirement Funds From My Divorce Decree
One of the major concerns when going through a divorce is what happens with the retirement funds that were accrued during the marriage. Often, one spouse maintains or accrues a significant retirement account while the other spouse has a far lesser interest in their own retirement account. The State Legislature has set forth the procedure for a spouse to transfer their interest in an accrued retirement account. Read the full article here: https://www.oflaherty-law.com/learn-about-law/receiving-retirement-funds-from-divorce-decree
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In this video we will examine How Do I Receive the Retirement Funds I Was Awarded In My Divorce Decree and we will answer the following questions: What Type of Retirement Accounts Are There?Are Retirement Accounts Considered Marital Property?, How Do I Get Awarded a Part of My Spouses Retirement Accounts?, Do the Retirement Funds Transfer to Me Automatically?, What Is a Qualified Domestic Relations Order (QDRO)?, Does Every Retirement Account Require a QDRO to Divide the Interest?, How Do I Know What Type of Order I Need for the Retirement Accounts?, What is the Process to Have a QDRO Entered?, Once the QDRO is Entered, What Happens Next?, Is Dividing a Retirement Account Pursuant to A Divorce Considered a Tax Event?, What is The Difference Between A Pension Interest and a 401(k) or Cash Account Interest?, and What Are My Options After the Retirement Account Is Divided?
**None of the content in this series is intended as paid legal advice.