Burbank Divorce | How To Divide Your Pension During Divorce In Burbank

Posted by Tim Blankenship on

Burbank Divorce | How To Divide Your Pension During Divorce In Burbank

If you are going through a divorce in Burbank and you have a pension that needs to be divided, you are going to need a Qualified Domestic Relations Order, otherwise known as a QDRO or DRO.

We do provide a pension division service and if you used our divorce service for your divorce, we most likely handled your pension division as well.

What kinds of pensions require a Qualified Domestic Relations Order of Domestic Relations Order?

It used to be that just city, state and county type pensions required a QDRO, but we are finding that just about any type of plan considered to be a retirement plan will most likely require a QDRO.  This applies to most 401k’s, 403b’s,

The best thing to do if you are going to get a divorce or are going through a divorce is to simply call your retirement plan up and let then know your are going through a divorce and ask if they will need a QDRO to divide the plan.

If they say “yes”, then ask for a QDRO Package.  They will likely have a package of information to send to you either via mail or email.  We will need this QDRO Package to prepare your paperwork.  If you have not contacted them, we can make that call of you and get the information we need to prepare the Qualified Domestic Relations Order.

The pension division process looks like this:

First we have to join the plan to the divorce case.  This means we have to file a Joinder which will pull your pension or 401k into the divorce case as a third party.  This lets the court and the pension company know that there is a divorce case.  The effect of the joinder is that is will freeze the pension from withdrawal.

Once we have filed the joinder and served it on the plan, we can work on the QDRO language.  Once we have it drafted, we send it to the plan for approval.  When approved, they will send back to us to obtain signatures, then it goes back to court to get filed.  Once the QDRO is filed it is served on the plan and they will divide the pension as indicated.

We are a full service divorce firm that serves the Burbank area as well as anywhere in California. If you need help with your divorce case or need someone to prepare your Qualified Domestic Relations Order, we can usually do that for about 1/3rd the cost of an attorney.

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We Help Prepare Pension Division QDRO in California For Divorce

Posted by Tim Blankenship on

We Help Prepare Pension Division QDRO in California For Divorce

Today we’re talking about California divorce and specifically QDRO’s it stands for Qualified Domestic Relation Order.

And what this is, is that you may need, if you have a pension or annuity or 401 case, some of these companies require you to divide up this property if says community property and you’re going through divorce and you want to divide up a pension.

Then, some of these pension companies, 401 case or annuities require you to divide it by a legal instrument called QDRO.

If you need assistance with the QDRO, this is a service that we perform and we can do this pretty much anywhere in California because the pension companies we have to deal directly with them.

So I just wanted to get this quick video out there and let you know that we can help you with QDRO’s.

We do them on a case by case basis.  Just give us a call let us know who the QDRO company is and we will be able to give you a call, let you know what the costs would be in doing so in preparation for the QDRO which basically is just contacting the QDRO company.

Finding out how long your marriage is and there is obviously some other things that are involved with that in determining what the percentage of pension the pension firms find suitable based on the length of marriage and some other factors.

And then, we can draft up the appropriate QDRO paperwork for the division of that specific asset.

Give us a call if you have questions about QDRO’s or dividing pensions, we can do that service for you anywhere in California. Please give me a call at 661-281-0266

I Have A Pension | What Is A QDRO Qualified Domestic Relations Order | Los Angeles Divorce

Posted by Tim Blankenship on

I Have A Pension | What Is A QDRO Qualified Domestic Relations Order | Los Angeles Divorce

We Now Offer QDRO Service For All Pensions, 401k’s, 403b’s and Retirement Systems 

Today, we are answering the question of what is a QDRO.

QDRO stands for Qualified Domestic Relations Order. And if you’re reading this article, you probably have a pension.

QDRO are the legal instrument which divides up a pension.

(Update To This Blog Post)

We Now Offer QDRO Service For All Pensions, 401k’s, 403b’s and Retirement Systems 

They are essentially an actuary who will go through and determine what percentage of the pension as community property belongs to your spouse or your spouse has an interest in.

If you have a pension and this is going to be divided, it is going to be a necessary to process q Qualified Domestic Relations Order.

And this is how it works essentially, you have the divorce going on on one hand and you have a pension that needs to be divided on the other.

The QDRO is an instrument that will be drafted by our firm and will be included with the judgment. It can either go and be filed along with the judgment at the time it’s filed or it can be indicated in the judgment that it will be divided at a later date.

And then later when that QDRO is completed, it can then be filed with the court even after the judgment has been submitted.

Don’t forget that that QDRO needs to be certified by the court and filed with the pension so they’d know, at the time of distribution, who is getting what.

If you have questions about our QDRO service whether you’re using our affordable divorce process service or not, give us a call because we can still prepare your qualified domestic relations order for you either way.

My name is Tim Blankenship, owner of Divorce661.com. We’re a licensed and bonded legal document preparation firm. We specialize in divorce in all of California.

You can reach me direct at 661-281-0266 or on our website at www.divorce661.com.