A Qualified Domestic Relations Order (QDRO) is an important document ultimately signed by the Court ensuring that a spouse (or ex-spouse) receives a portion of retirement benefits of the other spouse (or ex-spouse) pursuant to the division of assets agreement in a divorce. Many times both spouses in a divorce proceeding will be in need of a Qualified Domestic Relations Order. This Court Order is eventually sent to a bank or institution where the retirement accounts are located.
An experienced matrimonial attorney will ensure that this Order precisely and accurately outlines how these accounts are distributed, when the money may be distributed, what happens if one of the parties dies, and many more extremely important details. This is a critical and complex legal instrument and oftentimes involves the largest assets in divorce proceedings. If your divorce settlement involves the preparation of a QDRO or QDROs, it is important to work with a matrimonial attorney who can oversee and manage the process for you, make sure that your interests are protected, and that you either maximize — or minimize — the division of assets in your divorce.
Christopher R. Musulin, experienced family and matrimonial law attorney and founder of Musulin Law Firm, LLC, represents clients in Southern New Jersey counties and throughout the nation in all matters under the realm of matrimonial and family law. With more than 27 years of legal experience, Attorney Musulin continues to study the law and all the current changes to the legal landscape. His thorough understanding and personalized approach to legal representation provide a significant benefit to the firm's clients, as he provides sound legal guidance.
Attorney Musulin emphasizes that a lot is at stake since the QDRO process oftentimes involves the largest assets of a divorce action. If the QDRO process is mishandled, problems arise that may cost a litigant tens of thousands of dollars. There is the potential for great error such as, but not limited to, the wrong amount of money distributed to the other spouse, one spouse never seeing his or her share of this division, or unwarranted tax consequences. Additionally, mistakes are costly to fix and some mistakes might not be able to be remedied later on. There are also serious consequences that can occur by the failure to meet certain time deadlines.
The Musulin Law Firm utilizes qualified experts and professionals to ensure that the QDRO is prepared correctly for presentation to the Court. The law firm works with each client to determine whether or not a QDRO is needed, and provides extremely competent management and oversight of the QDRO process to ensure everything proceeds smoothly and effectively. The law firm will make sure that the Qualified Domestic Relations Order is in congruence with the terms of your final divorce settlement and that you are in compliance with the Court order.
Contact Musulin Law Firm, LLC
To discuss a QDRO or any other aspect of your divorce proceedings, call 609-267-0070 or contact the firm online for a consultation with an experienced lawyer.