Awarding QDRO Benefits After an Alternate Payee’s Death
A Qualified Domestic Relations Order (QDRO) is an order that awards one person the right to receive some or all of another person’s retirement benefits. The person whose retirement account is being divided is known as the participant, and the person receiving the rights to the benefits is called the alternate payee. QDROs are common in divorces because retirement plans are often assets divided in equitable distribution or other distribution of property. Continue reading →