What is a Qualified Domestic Relations Order?

What is a Qualified Domestic Relations Order?

A Qualified domestic relations order or QDRO is a legal order that is entered in conjunction with a divorce decree that changes ownership of a retirement plan to give the divorced spouse their share of the asset or pension plan. The divorced spouse or “alternate payee” is then responsible for any taxes or penalties that are incurred in the event they cash out their distribution. http://www.sossilaw.com