DANENDEB said:
I have a California QUADRO in effect against my pension from a prior job from my original divorce agreement. My ex-wife now wants to give up her rights to my future pension in exchange for me giving her back the right to claim our two children as tax exemptions. My question is this, can a QUADRO be reversed and how complicated is it? Is it something that I can obtain the forms and file on my own behalf? Any help or advice would be GREATLY appreciated ASAP.
Thank you in advance.
My response:
A "QDRO" order was set up for the maintenance of your children. It provides far more money for the children than any tax exemption could ever possibly provide. Therefore, and since it is the court's obligation to make sure that the children do not become a burden to the taxpayers, it would be extremely difficult to cancel the original order.
However, if financial circumstances have changed dramatically, and someone is willing to put up a bond to guarantee the children's maintenance, it wouldn't be impossible to cancel a QDRO. Just a word of warning, that unless there has been an extreme, marked, change in financial circumstances for the better, filing for a change in the original court orders to allow the "Plan Administrator" to cancel all payments, you would be spinning your wheels and spending big bucks for nothing.
IAAL