Get Help from a Qualified Domestic Relations Order Attorney in Yakima, WA
At Justice Law Yakima, our Yakima qualified domestic relations order (QDRO) attorney has the skills, experience, and legal knowledge to help you navigate complex property division issues. A QDRO may be the best available tool to help you deal with retirement assets in a divorce in Washington. If you have any questions about your options, we can help. To set up a strictly confidential, no obligation consultation with a Yakima divorce attorney, please do not hesitate to contact us today.
The Challenge: Dividing Retirement Assets in a Divorce is Complex
In Washington State, retirement savings are subject to equitable distribution. For many people, retirement savings are among their biggest assets. In a divorce, retirement assets—whether it is a pension, 401(k), IRA, or any other tax-advantaged retirement account—can be a big deal.
There is a challenge: You generally can’t immediately split up retirement savings without incurring a significant tax penalty. The good news is that a QDRO offers a solution to the problem of dividing retirement assets in a divorce.
What is a Qualified Domestic Relations Order (QDRO)?
The Internal Revenue Service (IRS) explains that a QDRO is a legal document issued by a court (court order) and used in a divorce or legal separation to divide retirement benefits between the spouses. The QDRO is used to divide pension plans, 401(k) plans, and other qualified retirement plans in a way that is compliant with federal law.
A QDRO must be properly drafted. There are certain federal standards that a QDRO must satisfy to ensure that there are no adverse tax consequences related to the division of retirement assets. A Yakima, WA divorce attorney who has experience handling QDROs will make sure that your document is drafted correctly and meets all legal requirements.
How Our Yakima Divorce Attorney Can Help
Getting divorced is complicated—especially so when you have significant retirement savings to divide. Make sure that you do not incur any early withdrawal penalties. As an experienced divorce lawyer, our founder and managing attorney Kelly Murray can help you obtain an effective QDRO. We are proactive. Among other things, our Yakima divorce attorney is prepared to:
– Conduct a comprehensive review and evaluation of your case
– Answer your questions about QDROs and property division in general
– Ensure that you are receiving your fair share of the marital assets
– Take action to help you obtain a legally compliant QDRO
Get Help from Our Yakima, WA QDRO Lawyer Today
At Justice Law Yakima, our Yakima divorce attorney has the professional skills and legal expertise to handle all aspects of QDROs. If you have any questions about QDROs or the division of retirement assets in a divorce, we are here to help. Contact us today to set up your strictly confidential initial consultation. We handle QDROs in Yakima and throughout the surrounding region.