Qualified Domestic Relations Order In Texas
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FAQ
What is a qualified domestic relations order (QDRO)? A QDRO is a legal order subsequent to a divorce or legal separation that splits and changes ownership of a retirement plan to give the divorced spouse his or her share of the asset.
In order to be eligible for a division of your husband's social security or military benefit, you must have been married for at least ten years, as well as some other requirements.
Both parties will submit their one-half share of the QDRO fee. The total fee is usually $600 to $800 and is divided equally between the parties. The parties pay the financial services firm directly. The payment does not come out of the QDRO.
QDRO Preparation - The fee for preparation of a QDRO (or similar division order under federal law) is $400 per order when prepared for a Texas-licensed attorney. I will not prepare a QDRO for a case from out of state. The majority of QDROs I prepare are for an attorney.
A certified copy usually may be obtained from the clerk of the state divorce court for a small fee. You must send a certified copy to the plan for final approval, acceptance and payment. In military and civil service cases, additional certified copies and certain other documents will be required.
