Qualified Domestic Relations Order - QDRO
- Qualified Domestic Relations Order - QDRO
- A type of court order typically found in a divorce agreement that recognizes that the ex-spouse is entitled to receive a predefined portion of the individual's retirement plan. In most cases, the qualified domestic relations order (QDRO) allots 50% of the value of the assets gained from the beginning of the marriage to the time of the divorce to the ex-spouse.
When the distribution goes the ex-spouse, the ex-spouse becomes responsible for any taxes incurred when the money is distributed. However, if the individual does not receive a QDRO and decides to distribute the retirement-plan assets to his or her ex-spouse, the individual will still be responsible for the taxes on the ex-spouse's portion of the money, even though he or she no longer possesses it.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
Qualified Domestic Relations Order — see order 3b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. Qualified Domestic Relations Order … Law dictionary
Qualified domestic relations order — A Qualified domestic relations order or QDRO is a legal order subsequent to a divorce or legal separation that splits and changes ownership of a retirement plan to give the divorced spouse their share of the asset or pension plan. QDROs may grant … Wikipedia
Qualified Domestic Relations Order — ( QDRO) A judgment, decree, or order that gives a pension plan participant access to retirement assets that must be used to pay an ex spouse or dependent children. Bloomberg Financial Dictionary … Financial and business terms
QDRO — / kwä drō/ abbrqualified domestic relations order Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. QDRO … Law dictionary
QDRO — Qualified Domestic Relations Order (Community » Law) … Abbreviations dictionary
QDRO — See: Qualified Domestic Relations Order … Financial and business terms
