Question
Janet and Jack are in the middle of a divorce proceeding. Jack acquired a substantial amount of wealth during the marriage, which is held primarily
Janet and Jack are in the middle of a divorce proceeding. Jack acquired a substantial amount of wealth during the marriage, which is held primarily in qualified retirement plans. Janet's attorney advised her to seek a qualified domestic relations order (QDRO) and Janet came to you, her financial adviser, to make sure this was a good recommendation. What do you tell Janet?
A) A QDRO is a document that includes guidelines for securing and distributing qualified retirement plan assets to pay for child support, alimony, or marital property rights.
B) A QDRO can be drafted by the financial planner to ensure Janet receives a fair share of Jacks retirement accounts.
C) A QDRO pertains only to noncitizen spouses.
D) A QDRO is a court order to divide all of their marital property.
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