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Finance & Tax

Domestic Relations Order (DRO)

A court order that divides retirement plan benefits between divorcing spouses. A Qualified Domestic Relations Order (QDRO) is required to divide employer-sponsored retirement plans.

Understanding Domestic Relations Order (DRO)

A QDRO is a specific type of domestic relations order that meets ERISA requirements and directs a retirement plan administrator to pay a portion of the plan participant's benefits to the alternate payee (the ex-spouse). QDROs are required for 401(k)s, pensions, and other employer plans. They must be approved by both the court and the plan administrator. Without a properly drafted QDRO, the retirement plan cannot distribute funds to the non-employee spouse. QDRO preparation typically costs $500-$2,000 and should be handled by a specialist to avoid costly errors.

Real-World Examples

A QDRO is filed to transfer 50% of the husband's 401(k) balance — $150,000 — to the wife's IRA without triggering taxes or penalties.

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This definition is provided for educational purposes only and does not constitute legal advice. Divorce laws and terminology may vary by state and jurisdiction.

Always consult a licensed attorney in your area for advice specific to your situation.