Missouri Qualified Domestic Relations Order Attorneys
Our legal team provides comprehensive family law representation. As dedicated divorce attorneys, we understand the complicated property division process. Equity earned over the course of a marriage in a pension fund, 401(k) savings account or IRA is subject to division upon divorce.
At Knight & Salladay Law Offices, our Columbia retirement division attorneys understand the level of care required to divide retirement benefits. Regardless of who accumulated the retirement benefits, it is essential that all such assets be fully disclosed and accounted for in the divorce. The process of property division in a divorce is often complicated when spouses are uncertain about the other spouse's retirement accounts. In other cases, a spouse may be unwilling to share the value of retirement assets.
Extensive Representation
When handling a divorce where retirement assets are involved, we provide comprehensive assistance to our clients. Our lawyers have experience representing clients who have the following types of accounts:
- 401(k)s
- Deferred pensions
- IRAs
- Simplified Employee Pension Plans (SEP)
- Stock options
- Savings
- Military retirement plans
- Federal employee and civil service retirement plans
- State of Missouri retirement plans
- University of Missouri retirement plans
- Deferred compensation
Dividing Retirement Accounts
In general, a qualified domestic relations order (QDRO) is prepared to provide a divorced party with an ownership interest in his or her former spouse's retirement plan. The QDRO essentially creates a separate, individual account in that Plan for the non-employed spouse. The process can be complex, as each retirement plan has specific guidelines for the division of these assets.
We have helped individuals from numerous industries with their retirement accounts. Whether you are an executive or work with the highway patrol, we can provide guidance with respect to these issues. We are familiar with the guidelines and rules associated with various forms of retirement plans. We will review the rules and draft an appropriate and effective QDRO.
Talk to a Lawyer Today
To learn how our legal team can help you with your issues, call 573-355-5592 or toll free at 888-458-5631 to schedule your initial consultation with an experienced lawyer. Or you may send us an e-mail.
