Kane County QDROs Attorneys

Kane County QDROs Lawyer

QDROs Lawyers Serving St. Charles, Batavia, and Aurora

Dividing assets as part of a divorce can be a complicated process. Marital property is often a complex web of various assets that must be untangled and divided. When marital property includes defined benefit or defined contribution retirement plans and those assets are divided, a Qualified Domestic Relations Order (QDRO) is typically required. A QDRO is a special court order that makes it possible for an alternate payee to receive benefits from a retirement plan.

At the Kane County divorce law firm of Goostree Law Group, we are experienced in working with QDROs as part of the property division process. Our attorneys are skilled in drafting effective QDROs as well as reviewing QDROs for accuracy.

Experienced Illinois Lawyers for Drafting QDROS

A 401(k) plan or a pension plan can be split in a divorce, but it requires a court order to do so. Agreeing in a settlement to split these types of assets is not enough to get it done without penalty. Once a judge has issued a court order to divide the benefits, the next step is to have a QDRO drafted to present to the Plan Administrator. The QDRO must also be submitted to the court. QDROs must be carefully drafted to exactly implement the judgment of the court. If a QDRO is not properly worded, it can be disastrous and result in the loss of thousands or hundreds of thousands of dollars. Our attorneys are skilled and experienced in handling QDROs and ensuring our clients are protected in every circumstance.

Implementing QDROs in Kane County

Understanding how a 401(k) plan or pension plan division will be implemented is an important part of the property division process. In most cases, assets in one of these retirement plans will not become immediately available and still subject to penalties for withdrawal prior to retirement. With 401(k)s, implementing a QDRO will cause a portion of the plan to roll over into a new account in the alternate payee’s name. With pension plans, implementing a QDRO will usually make an alternate payee an additional beneficiary who will receive monthly benefits upon retirement. Our attorneys will help you understand exactly what you will receive and on what timeline when your QDRO is implemented.

If your divorce involves dividing retirement assets and you need assistance with a QDRO, contact us at 630-584-4800 to schedule a free consultation. We are skilled in handling complex retirement assets in divorce and can make sure these matters are handled properly and efficiently. Our firm represents clients throughout Kane County and the surrounding areas of Northern Illinois.

Practice Areas

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Goostree Law Group

Goostree Law Group

 555 S. Randall Road, Suite 200
St. Charles, IL 60174

 630-584-4800

 400 S. County Farm Road, Suite 300
Wheaton, IL 60187

 630-407-1777

Our Illinois divorce attorneys represent clients in Kane County, DuPage County, Kendall County and DeKalb County, including Geneva, Batavia, St.Charles, Wayne, Wasco, Elburn, Virgil, Lily Lake, Aurora, North Aurora, Elgin, South Elgin, Bartlett, Crystal Lake, Gilberts, Millcreek, Maple Park, Kaneville, LaFox, Yorkville, Oswego, Plano, Sugar Grove, Big Rock, Bristol, Newark, DeKalb, Sycamore, Naperville, Wheaton, West Chicago, Winfield, Warrenville, Downers Grove, Lombard, Oak Brook, Streamwood, Hoffman Estates, Barrington, South Barrington, Lake Barrington, Schaumburg, Big Grove, Boulder Hill, Bristol, Joliet, Kendall, Lisbon, Minooka, Montgomery, Plainfield, Sandwich, Yorkville and many other cities.

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