What You Should Know About QDROs

Division of marital assets must take into account all property of both spouses. Most people are familiar with the idea of dividing assets like a house, cars, bank accounts and household goods. Asset division also includes assignment of less visible assets to each spouse - such as retirement assets. Getting legal provisions in place at the time of a divorce ensures that each party will receive his or her equitable portion when distribution of retirement assets begin.

A Qualified Domestic Relations Order ("QDRO") is a financial and legal document used to assign some or all retirement assets to a spouse, former spouse, child or other dependent of a worker in whose name the plan and/or accounts are titled. While a QDRO is a judicial order, the Family Court relies on divorcing parties to prepare and process these documents with the appropriate retirement plans.

Sheila Vierra

Sheila Vierra is a Honolulu Attorney, Who Prepares QDROs In House For Other Law Firms As Well As Her Own Clients

A QDRO (Qualified Domestic Relations Order) is normally necessary to complete the retirement division aspect of a divorce. Many family law firms do not prepare QDROs themselves.

Rather, they outsource this essential task. Sheila Vierra is one of the few family law attorneys in Honolulu that prepares QDROs for individuals statewide. Clients of Sheila Vierra as well as clients of other divorce lawyers take advantage of this service.

Couples who feel far from retirement age (such as in their 30s or 40s) may consider the division of retirement accounts to be an abstract, far-off concept, since neither spouse will receive the money for decades. However, the division of retirement assets can be the single largest portion of asset division in a divorce, with the most long-lasting impact on financial security over a lifetime.

Sheila Vierra' clients include a wide variety of people from all socio-economic backgrounds. All enjoy the reassurance that comes with thorough, professional services handled efficiently by Ms. Vierra, including preparation of QDROs.

Learn About QDROs And Other Aspects Of Complex Asset Division In Your Hawaii Divorce

Contact Sheila Vierra in Honolulu at 808-206-9103 or send an email message to request a consultation.