My husband was court ordered to pay $400.00 for a QDRO to be prepared, which has not been done yet to date. Well, we are considering just offering a cash settlement to his ex-wife to avoid having to pay the $400.00 fee and to preserve his retirement. Our question is, how do we calculate how much his ex would receive? He will have 30 years in at FMC (Ford Motor Company) soon and will be retiring. She gets half of his retirement earned during 7 years for half of the years of marriage, so she gets half of the retirement earned for 3 1/2 years. I have attempted to calculate this myself but am unsure of the formula used. If my numbers are correct, she'd get about $300.00 a month and she just told me a little while ago that she will get like a grand a month but she can't be right because for her to get a grand she would have had to be married to him for 2/3's of his employment with FMC. Need help calculating the numbers quickly please. Thanks in advance for any help offered.
Mary
2007-02-19 03:30:48 · 2 answers · asked by maryannmccarthy2003 6 in Family & Relationships ➔ Marriage & Divorce
this is a very hard question to answer...for me at least. What is QDRO? I have the same question...my husband was married for only 2 years to his ex, and we just got married been a year so far. Is his ex-wife entitled to some money? But my husband took his retirement out of his retirement bank and put it in the regular banks retirement account. I'm the beneficiary but is she still entitled?
2007-02-19 03:47:19 · answer #1 · answered by toonice 2 · 0⤊ 0⤋
For the above poster - a QDRO is a qualified domestic relations order and it is the document that a judge signs in the context of a divorce that orders a retirement plan to split a retirement account between the divorcing spouses. They are VERY complicated documents and require a specialist to prepare. Most divorce attorneys do NOT prepare the document themselves but hire an outside expert in QDROs to prepare it. As for the original question - unless you are lucky enough to get an actual QDRO attorney on here - you need to contact one. There is no way to "guesstimate" what she would get from the information provided.
Good luck.
2007-02-19 03:56:33 · answer #2 · answered by CV 3 · 0⤊ 0⤋