What is a QDRO and why do I need one?

To transfer funds from one spouse's retirement account to the other's after a divorce, a QDRO is the only legal option. Standing for "Qualified Domestic Relations Order," this order is essential to divide retirement accounts and can ensure payment for communal or marital property or even alimony and child support. No matter the source of the retirement plan, whether it be public or private, a domestic relations order is crucial to divide these funds.