Legal Question in Family Law in California
Hi,
I received a quadro in my divorce 10 years ago. It is from my x's work, I wanted to transfer it out of that account and roll into another account. The firm that the account is with said that I can not touch for another 10 years or until my x dies or legally retires?
Are these terms related to a quadro or they the terms of the account?
Thank you, Mark
Asked on 1/05/10, 2:24 pm
1 Answer from Attorneys
A QDRO only issues in cases where there is a community interest in a pension or other fund that cannot, by definition, be disbursed or rolled over prior to retirement or death. It is not used for accounts like a 401k or IRA that can be divided and rolled into another qualified account.
Answered on 1/10/10, 10:05 pm