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.
Understanding Complex Property Division
At The Law Offices of Van A. Schwab, we have helped clients involved in the division of complex assets. Understanding the various ways in which retirement accounts are divided according to a QDRO — from pensions and 401ks to IRAs — can be complex. We are able to explain the requirements of each specific retirement plan and help you protect your rights to your husband’s or wife’s retirement benefits.
Do you have questions about the division of retirement accounts? Are you wondering about the provisions of alimony or spousal support in a QDRO? Reach out to family law attorney Van A. Schwab by calling 312-702-1745 (in Chicago) or 847-616-2425 (in Skokie, Deerfield or Libertyville).
We offer flexible hours and a consultation fee of $125 to be applied toward the retainer. We accept payment by cash, check or money order. For Lake County clients, our Skokie office is convenient to highway I-94 at the Dempster Street exit.