As a divorce lawyer in Illinois, I often have to deal with dividing retirement accounts as part of a divorce. Here’s the deal with dividing 401ks, pensions, and the like – it’s complicated. Splitting 401ks and pension plans requires a special court order, called a “qualified domestic relations order.” or QDRO. Most QDROS are prepared by specialists because of the technical knowledge required. If you need a QDRO, then you might want to hire the best QDRO lawyer in Illinois. If so, read on.
When I need a QDRO lawyer in Illinois, I use the QDRO Law Center. It’s important that a QDRO be drafted in a way that is consistent with court orders and properly protects a client. That’s why I’m amazed that some Illinois lawyers actually have non-lawyers prepare QDROs. In my opinion, that’s stupid. Instead, I work with an actual Illinois lawyer who is skilled in drafting QDROs.
Proper retirement division is important
Like I stated before, some lawyers just don’t seem to take adequate care in arranging for the preparation of a QDRO. A QDRO is a legal document, and therefore, should be prepared by lawyers. In my article “QDRO Lawyer in Illinois: Tips” I addressed this point.
Veronica Silva of the QDRO Law Center created an interesting video targeted to lawyers which addresses why lawyers should use her services. While the video’s main audience is other lawyers, you might find it interesting. One thing that you might take from the video is that many lawyers don’t optimally address retirement division issues in a divorce.
Here’s the video:
If you have a QDRO problem
It’s not uncommon for people who have gotten a divorce in Illinois to have problems with dividing retirement assets after a divorce has been granted. For example, one party might have a QDRO prepared, and the other party may disagree with the language used.
I have several cases like this right now. If you have a problem with dividing retirement assets, I can help shed some light on your situation after a brief phone call.