What You Need to Know About DROs and QDROs
When you get married in New York, assets that you or your spouse obtain afterward the date of the marriage are considered marital property and are subject to equitable distribution laws. This includes retirement benefits. If your spouse contributed to a retirement plan during the course of your marriage, you may be eligible to receive a portion of those benefits under equitable distribution. To do this, you will need a Domestic Relations Order, a DRO or a Qualified Domestic Relations Order, or QRDO. Here’s what to know about DROs and how an experienced Long Island divorce attorney can help you obtain a fair divorce settlement.