A qualified domestic relations order (QDRO) is a legal order that establishes your client's legal right to receive a designated percentage of their spouse's retirement plan account balance or benefit payments. QDROs only apply to employee benefit plans that are covered by the Employee Retirement Income Security Act of 1974 (ERISA), the law that governs private sector pensions. Examples of retirement accounts NOT covered by ERISA include State and Municipal retirement plans and Federal Retirement Plans.
The QDRO must conform to the terms of the divorce decree, and it must be drafted very carefully to avoid causing great financial harm to your client. Due to the unique and complicated nature of these orders, many attorneys find it more cost effective to hire Matrium Law Group to handle the QDRO preparation rather than handling it themselves. Matrium Law Group can work directly with the client or if you prefer, we can work through your office, which allows you to maintain your professional relationship with the client. If you want Matrium Law Group to handle a QDRO for your client, please contact us at (406) 552-7814.
Matrium Law Group is a family law and estate planning law firm. We are committed to providing excellent, practical, and affordable legal counsel to our clients. We are located in Missoula, Montana and we help individuals, families, and businesses throughout Montana. For more information about Matrium Law Group, visit our website at www.matriumlaw.com.