Pilka & Associates, P.A.
Review Us

Call for a Consultation:863-236-9321

Main Menu

The role of a QDRO in a divorce

People in Florida who are divorcing might need a document known as a Qualified Domestic Relations Order. This is an order or judgment that deals with dividing a retirement account. A QDRO can make transferring assets more efficient, but it can also be complex and costly. Individuals might not understand the fees and taxes associated with the division and transfer. As a result, attorneys sometimes recommend that clients consult with certified divorce financial analysts who can explain these potential costs and how to minimize them.

An equitable division of a retirement account does not necessarily mean that it will be split 50/50. A judge may take other factors into account to make sure that assets are fairly distributed even if they're not split exactly in half. When couples are negotiating their divorces, they might want to keep in mind that the amounts in their retirement accounts may not accurately depict how much money they will actually receive from them.

For example, a couple might decide that one person will keep the house, which is paid off and worth $200,000, and the other one will retain the retirement account with $225,000 in it. The individual who gets the account might not have the better deal because if he or she tries to access the funds before turning 59½, he or she will be required to pay a hefty tax.

An attorney from a Hillsborough County high-asset divorce firm might be able to assist individuals with property division and other issues related to divorce. When there a lot of high-value assets on the table, the process may be particularly complex because there might be investments, businesses, real estate and more that must be divided. Some people are able to negotiate settlements between themselves, but when agreements can't be reached, other individuals end up going to court.

No Comments

Leave a comment
Comment Information

Initial Consultation

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Our Locations

Pilka & Associates, P.A.
213 Providence Road
Brandon, FL 33511

Phone: 863-236-9321
Fax: 813-651-0710
Brandon Law Office Map

Lakeland Office
256 North Kentucky Avenue
Lakeland, FL 33801

Phone: 863-236-9321
Lakeland Law Office Map

Phone Numbers

Local Number 863-236-9321

Local Number 863-687-0780

Fax Number 813-651-0710

  • Proud to Support our Troops
  • bbb accredited business
  • a plus
  • The Greater Riverview | Chamber of commerce
  • LakeLand | Area Chamber of Commerce
  • Naela | National Academy of Elder Law Attorneys, Inc.
  • BNI
  • brandon chamber of commerce