We also did a QDRO, and I highly recommend! My situation was reversed. XH had to pay me a certain amount out of his 401K. It was ordered to do this thru a QDRO. NO TAXES ARE OWED, NO PENALTIES ARE PAID, bc this is a legal transfer of funds. My atty filled out the forms, xh atty had xh sign sign them, the judge signed them, I signed them. It then went to xh’s 401K plan administrator. They sent me a check. I could have stipulated the funds could go into an IRA at my bank, or to me.
Additionally, xh had to sign a Quit-claim deed to me. It was typed up by my atty, and xh had to sign. I went right to the TaX office in my county and had it filed.
Within a month, I was completely done with him, no further negotiations, etc.
All this legal stuff is done every single day, if you want to do it yourself, you might find it online. Also, see an atty. I found one that was going to do everything for $500.00. The only reason I didn’t use him was bc xh tried to get custody of the kids and fight over everything. If you guys are in agreement, it might be good to have an atty handle it cheaply.
Edited to add: when I said no taxes are due on the withdrawal, no penalties, etc, that’s on your side. If your STBXH cashes out his check, instead of putting it into a retirement fund, there may/may not be penalties for him to pay. In 2012, the IRS told me that the year in which I get divorced, they don’t charge the 10% penalty on the money my XH was giving me in the QDRO, even if I withdrew it. Not sure if that’s still the same.
[This message edited by homewrecked2011 at 11:12 PM, July 17th (Friday)]
Sometimes He calms the storm. Sometimes He lets the storm rage, but calms His child. Dday 12/19/11I went to an attorney and had him served. Shocked the hell out of him, with D papers, I'm proud to say!D final10/30/2012Me-55