State whether there have been any enhancements or damage to item since acquisition 7. State the names of persons if the asset is registered, titled, or otherwise associated with a particular person 8. That's our sole source of income. In order to properly handle a property settlement or decree, your lawyer and the court need information about each spouse's retirement plans. With this information, your attorney may negotiate a property settlement favorable to your needs.
Most plans have administrators who manage the retirement funds.
The QDRO should have the necessary language required by the retirement plan administrator. Upon a divorce decree, your medical insurance coverage may be affected. Prior to the divorce, make arrangements to insure that you and your children shall remain covered. Generally, dependent children can remain on a policy after a divorce decree. Yet the non-employee spouse generally will be dropped from the policy unless other provisions are made.