Houston Qualified Domestic Relations Orders Attorneys
According to the Department of Labor, a domestic relations order is “a judgment, decree, or order that is made pursuant to state domestic relations law and that relates to the provision of child support, alimony payments, or marital property rights for the benefit of a spouse, former spouse, child, or other dependent of a participant.” A qualified domestic relations order, then, is a domestic relations order that involves an alternate payee’s right to receive a portion of any benefits payable under a retirement plan.
Because qualified domestic relations orders are a complex aspect of divorce, the attorneys of Holmes, Diggs & Sadler know how important it can be for Houston residents to get legal help when dealing with them. Fortunately, with the legal guidance and support of a lawyer, you can make sure your rights and retirement assets are protected.
Understanding the Creation of a Qualified Domestic Relations Order
A qualified domestic relations order must conform to certain regulations, per ERISA law (Employee Retirement Income Security Act). For instance, it cannot contain:
- A plan to provide for increased benefits
- Stipulations for payment to a payee other than the specified alternate payee
- Stipulations for payments to alternate payees through annuities
- Any plan to deviate from payment plan of the qualified domestic relations order
Understanding the many nuances of asset division and qualified domestic relations orders can be difficult. As such, when it comes to retirement and your own rights during divorce, it’s important to find someone who can help explain your rights regarding qualified domestic relations orders.
Contact a Qualified Domestic Relations Order Lawyer in Houston
If you are going through divorce and have questions about your rights under ERISA and establishing a qualified domestic relations order, speak with the attorneys at Holmes, Diggs & Sadler today. By calling (713) 802-1777 today, you can learn more about these orders and how we can help protect your rights during divorce.