San Fernando Valley QDRO Lawyers

Compassionate Representation with a Client-Focused Approach

Qualified Domestic Relations Orders (QDROs) are a necessary part of nearly all divorces and generally come as a final step in the divorce process. As retirement accounts are typically one of the largest assets involved in a divorce, it is important to make sure that you receive a fair settlement.

When you are in need of legal services related to the division of pensions and other retirement benefit plans, turn to our San Fernando Valley QDRO attorneys. Kraft Miles, A Law Corporation provides quick and effective service in the preparation and filing of QDROs.

Our divorce attorneys in Woodland Hills have the experience needed to answer all your questions, address your concerns, and guide you through this complex area of family law. Joy Kraft Miles uses her extensive knowledge as a family law certified specialist to help clients through even the most complex legal matters.

What is a QDROs in California?

The federal law known as the Employee Retirement Income Security Act (ERISA) protects your rights to you and your spouse’s retirement assets. QDROs are legal orders that divide private retirement plans to ensure that each spouse receives his or her share of the retirement benefits.

What Does a QDRO Attorney Handle?

Our professional legal team handles all types of QDROs in San Fernando Valley, including:

• 401(k)s
• Savings plans
• Defined contributions plans
• Defined benefits plans
• Money purchase pension plans
• Profit-sharing plans

FAQ: QDRO in San Fernando Valley 

Why is a QDRO necessary in divorce proceedings?

A QDRO is essential because it allows a former spouse to receive a portion of the retirement benefits that were earned during the marriage, ensuring fair distribution according to the divorce settlement.

How does a QDRO affect retirement accounts?

A QDRO ensures that retirement funds are divided legally and efficiently between ex-spouses, as per the terms of the divorce. Without a QDRO, the retirement plan administrator cannot disburse the funds to the non-employee spouse.

What is the process of obtaining a QDRO?

The process involves drafting the QDRO document, getting approval from both parties and their attorneys, submitting it to the court for approval, and finally getting it approved by the retirement plan administrator.

What role does a lawyer play in the QDRO process?

A lawyer specializes in drafting QDROs, ensuring they comply with both legal requirements and the specific retirement plan rules. They also handle negotiations and court submissions to secure approval.

What are the potential challenges in obtaining a QDRO?

Challenges can include misunderstandings of the retirement plan’s specific rules, delays in court approval, or disputes between ex-spouses over the division terms.

How long does it take for a QDRO to be approved in San Fernando Valley?

The approval process for a QDRO in San Fernando Valley, CA, typically takes several months. This timeline can vary based on the complexity of the case, the responsiveness of the retirement plan administrator, and any potential disputes or revisions needed during the process.

How do QDROs impact taxes?

Generally, the recipient of the QDRO funds will be responsible for taxes on their portion, but there are specific tax rules and exceptions that may apply, which a lawyer can explain.

Can QDROs be modified after they are approved?

Yes, under certain circumstances, a QDRO can be amended, but this typically requires agreement from both parties and court approval. A lawyer can assist in navigating these modifications.

Contact Our San Fernando Valley QDRO Lawyer

When going through a divorce, it is important to hire an attorney who is experienced in the division of retirement accounts. Our San Fernando Valley QDRO lawyers can provide you with the attentive legal advice and effective counsel that you need during this time. We go above and beyond to ensure that our clients’ rights are not violated in any step of their divorce proceedings.