Utah QDRO / DRO
Qualified Domestic Relations Order
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WHAT IS A QDRO? If you are about to be divorced or legally separated and one of the assets to be divided is a retirement plan, then you most likely need a qualified domestic relations order (“QDRO”) (pronounced “qua'-dro”) A QDRO is a special court order that is often required to divide retirement accounts. It allows for the distribution of retirement assets between former spouses without incurring taxes or penalties.
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HOW MUCH DOES A QDRO COST? $350 per spouse. This includes the drafting, filing and tracking of the QDRO. Once drafted and approved, we submit to the Judge for signature. After the Judge has signed, we obtain a certified copy of the order from the courthouse and mail to the retirement company for you.
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WHEN DO YOU NEED A QDRO? This is a legal document that appoints an agent to manage your financial affairs if you become incapacitated. After a divorce, you may no longer want your former spouse to have this authority over your finances. It is important to designate a trusted individual to make important decisions on your behalf to help protect your assets and ensure your financial affairs are handed according to your wishes.
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WHY USE SALT MEDIATION FOR YOUR QDRO? We ensure your order is drafted timely and correctly. QDRO's are often unique to each individual company and/or retirement program and can vary greatly from one program to another. Your QDRO/DRO must be specifically drafted to include certain legal language, as well as company-specific retirement program language.
Call, Text or Email:
385.501.1354 | contact@saltmediationgroup.com
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We will contact you within 24 hours and look forward to speaking with you.
Business Hours: 8:30am-5:30pm M-F
Call, Text or Email:
385-501-1354