Is there a deadline for getting a QDRO done?

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Melissa from Livingston, NJ asks, "Is there a deadline for getting a QDRO done?"

Pension Evaluators & QDROS Of Troyan, Inc Associates Group answers, "The deadline is not the important factor. The window of exposure for the Alternate Payee (Former Spouse) after the divorce is immediate. Therefore it is essential that we notify the plan via submission of the draft Order to secure the interest of the former spouse. Our QDRO services are designed to be activated as soon as you have an action established. With that case number we become enabled to achieve all sorts of protections and mechanisms in conformance with the parties' agreement. Every plan has a different deadline for when the QDRO needs to be signed and sent to the plan administrator. Once preapproved, a plan could even place a hold on your QDRO award for 180 days. These are deadlines that should not be tempted. Time is of the essence. Some plans have deadlines as short as 3 months from the date the Judge signs the divorce decree. If possible, you should find out what the QDRO deadline will be in your case BEFORE your final divorce or dissolution hearing. Have the proposed QDRO ready for the judge’s signature at your final hearing or trial or as soon as possible after the divorce. After the judge signs the QDRO, quickly give it to the retirement plan administrator."

Pension Evaluators & QDROS Of Troyan, Inc Associates Group QDRO Consulting offers expert QDRO outsourcing services to divorce attorneys and mediators, as well as retirement plan administrators.

Divorce attorneys/mediators – You can rely on Pension Evaluators & QDROS Of Troyan, Inc Associates Group QDRO Consulting to draft QDRO documents correctly and promptly for your clients, and obtain pre-approval by the plan administrator. We will be pleased to work with you, or directly with your clients, in the QDRO process. Just complete and mail the application form on this site (or direct your client to do so), along with prepayment of our fee, either by check or credit card (online).

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