Qualified Domestic Relations Orders (QDROS) in Illinois
Many individuals’ most valuable assets lie in retirement accounts and pensions. Division of these assets in a divorce can be complicated, requiring a qualified domestic relations order. Working with a property division lawyer can ensure that the needs of divorcing spouses are being addressed.
At The Law Offices of Van A. Schwab, we work with divorcing clients in the division of pensions, retirement accounts, IRAs, and other retirement accounts. For more information, contact our offices in Skokie, Libertyville, or downtown Chicago.
We offer a consultation fee of $125 to be applied toward the retainer. We accept payment by cash, check, or money orders.
What Is a Qualified Domestic Relations Order (QDRO)?
Many individuals have questions about the division of retirement accounts in a divorce. If one spouse wants to claim his or her share of the spouse’s retirement account, a qualified domestic relations order must be produced. This order allows for the division of ownership of a retirement plan.