You have to have a Qualified Domestic Relations Order prepared. This is an order, signed by a judge, that gets sent to your husband?s company (or the company that handles his retirement account), that will prompt them to divide the retirement account so as to give you your 30% share. You must retain a certified public accountant to prepare the Qualified Domestic Relations Order. There is a fee associated with this of which is usually around $500, but it can sometimes be paid out of the proceeds of the retirement account. Generally, the parties to the divorce share this cost equally, but you must look at what your divorce agreement says. Once the CPA prepares the QDRO, you must forward it to the judge for the judge to sign, and then you can forward it to the company. The company may require you to set up your own account to receive the funds.
Answered on Oct 24th, 2012 at 8:21 AM