In divorce cases, retirement accounts are routinely divided. This can include a pension, 401(k), 403(b), IRA, Thrift Savings plan, etc. In order to avoid taxes and penalties incurred these retirement accounts can be divided through a Domestic Relations Order (DRO or QDRO). This is a process to segregate the accounts between spouses. Each plan has different requirements that must be followed in additional to federal and/or state law. We will help you through the process to ensure the QDRO is prepared correctly and can be implemented by the Plan.
All QDRO work is done for a flat rate of $1,000.00 per account to be divided.
“I was extremely impressed with Lane the day I met him. I was very impressed with his confidence and attitude. Most of all impressed with how he explained everything, not just the obvious. So much so that I wouldn't have been satisfied with anyone else.”
Since becoming licensed in 2014, Lane Wood has handled numerous QDROs. Lane has become a trusted resource that other attorneys refer clients to for QDRO preparation and implementation. Lane will actively pursue the QDRO process to ensure that any retirement accounts are properly divided in a timely fashion.
Prior to founding The Law Office of Lane Wood, Lane worked for Bangerter Frazier & Graff, PC, and Wright Naegle, PLLC.