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QDRO may help you receive alimony from your ex

Many couples getting divorced in Florida worry about how it will impact their finances and monthly budget. Alimony plays a big role in many divorces in the state for both the spouse paying alimony as well as the spouse receiving the monthly payments. 

Alimony payments can be a vital source of income for many divorced people. Despite the legal obligations that require many people to pay alimony to their exes, some people fail to pay alimony each month. Many spouses complain about not receiving enough alimony or any alimony at all. Not receiving alimony as agreed upon in your divorce settlement can be very frustrating and make it difficult to pay for monthly living expenses. 

What can people do to make sure they receive alimony after their divorce? A Qualified Domestic Relations Order may be able to help ensure you receive alimony after your divorce is finalized in the event your ex is unable or stops making payments. 

A QDRO is a decree that says a spouse has the right to receive some or all of their spouse's retirement benefits. Judges commonly use a QDRO to order retirement benefits to a spouse during divorce from their ex's pension plan, 401Ks and 403Bs. IRAs are not included in a QDRO. 

By having a QDRO, a judge can order that you receive alimony payments from your ex's retirement accounts if he or she fails to pay alimony according to your divorce settlement. A QDRO can help spouses receive alimony payments that were previously past due as well as require future payments from your ex-spouse's retirement plan. 

It is important to be aware of how a QDRO can help during and after your divorce, especially if you believe your ex may not pay any or all of the alimony he or she is required to pay according to your divorce settlement.

Source: Forbes, "How To Get Your Ex-Husband To Honor The Financial Terms Of Your Divorce Settlement," Jeff Landers, Feb. 19, 2014

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