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Simple English definitions for legal terms

Qualified Domestic Relations Order (QDRO)

Read a random definition: Sentencing Reform Act of 1984

A quick definition of Qualified Domestic Relations Order (QDRO):

A Qualified Domestic Relations Order (QDRO) is a legal document that allows a person to receive a portion of their former spouse's retirement benefits. It is created by a court order and can only be granted to a spouse, former spouse, child, or other dependent. The QDRO transfers the right to receive benefits from the pension plan to the alternate payee, as determined by state domestic relations law.

A more thorough explanation:

A Qualified Domestic Relations Order (QDRO) is a legal document that allows for the division of retirement benefits between divorcing spouses. It is created by a state court and must meet certain requirements under the Employee Retirement Income Security Act (ERISA) to be considered "qualified."

For example, if a couple gets divorced and one spouse has a pension plan, the other spouse may be entitled to a portion of those benefits. A QDRO would be necessary to ensure that the non-employee spouse receives their share of the benefits.

It's important to note that a domestic relations order only becomes a QDRO when it meets the specific requirements set forth by ERISA. This includes creating or recognizing an alternate payee's right to receive all or part of the participant's benefits, and ensuring that the alternate payee is limited to the participant's spouse, former spouse, child, or other dependent.

Overall, a QDRO is an important tool for ensuring that both parties receive their fair share of retirement benefits in the event of a divorce.

Qua | Qualified domestic trust

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starfishies
16:27
is that fr ive never heard that before thats kinda wild
starfishies
16:27
this cycle is crazy i feel like double deposit is warranted in a lot of cases
[] c0bra1
16:28
id be down to double to get more time to choose but i think for the factors that i listed it would be unlikely for those to change in a significant way
[] c0bra1
16:28
from what ive understood villanova's 3rd market is nyc but the philly ip market is a little small, most of the ppl i talked to had WE in tech first and thats how they got related roles in 1L/2L
[] c0bra1
16:29
they're just so similar on the balancing scale that im second guessing in case im overtly wrong on one of them...but then again all my friends say to quit whining and pick cardozo lol
starfishies
16:30
ngl still a tough decision
starfishies
16:30
but if youre trying to end up in nyc ultimately it seems like the more obvious answer
[] c0bra1
16:31
yeahh thats what it keeps boiling down to lol
[] c0bra1
16:31
i think it would be easier for me to pick nova if the col in nyc wasn't something i was ready for but that's not a problem for me
starfishies
16:31
okay money man
[] c0bra1
16:31
more like i anticipated a way better application and intended to get into fordham lol
starfishies
16:31
you have until the 15th right i feel like u already know what your answer is
[] c0bra1
16:31
yeaaa
starfishies
16:31
i also have a weekly deposit meltdown its okay
[] c0bra1
16:31
hence why i do this little dance every weekend
[] c0bra1
16:32
LOL
starfishies
16:32
my family is sick of me
[] c0bra1
16:32
who knows maybe nyu will be so nice and let me in this week or next and then all my problems will be solved
starfishies
16:33
lol right same
17:05
im freaking out what if i dont get in anywhere
[] c0bra1
17:27
@uglyostrich: don't worry i called all your schools and they said you're getting into at least 2 places
CheeseIsMyLoveLanguage
17:37
Scroll down to commitments.
CheeseIsMyLoveLanguage
17:38
To me it seems that if you don't have all your responses yet (which all schools know it has been a crazy cycle), then you shouldn't be penalized if you put down a deposit, get a response from another school, and choose to go that direction. If the school is stinky about it, it seems you would have some recourse through LSAC
[] c0bra1
17:54
swag yeah thats cool i think ill most likely just deposit at dozo to save myself the constant back-and-forth on the decision -- i dont think ive had a conversation yet where i end up choosing nova despite my best to advocate for it lol
[] c0bra1
17:55
like i said earlier i think if the col was an issue for me id probably pick nova but my heart has always been set on ny and i think id be fine over there
18:37
@c0bra1: Cardozo is such a sleeper holy. Bro NYC Market > most other markets. If u wanna end in NY, it is such a good value prop
18:38
NYC is such a powerhouse of a city/region.
19:11
@c0bra1: tell villanova to let me innnn
[] c0bra1
20:35
@uglyostrich: calling them rn 📲
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