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What is a QDRO in Indiana?

A QDRO, which stands for Qualified Domestic Relations Order, has a similar meaning in Indiana as it does in the rest of the United States. A QDRO is a legal order typically issued by a state court, including courts in Indiana, to divide retirement or pension plan assets between divorcing spouses or to pay child support or alimony from these assets.

In the context of a divorce, a QDRO is necessary to ensure that a portion of one spouse’s retirement or pension plan is awarded to the other spouse as part of the property division. This is done to ensure that both spouses receive their fair share of marital assets, including retirement benefits. Without a QDRO, the plan administrator may not be able to make payments to the non-employee spouse.

The specifics of how QDROs are implemented and the requirements they must meet can vary depending on the specific retirement plan, and they must adhere to federal and state laws and regulations. It’s important to consult with Treptow Law to ensure that the QDRO complies with all relevant legal requirements.  Contact us today!