Gresham Oregon Domestic Relations Order Dividing Husband's PERS Account Pursuant to ORS 238.465

• Category: Oregon Court Samples - Divorce - Mediation - Sample Case 2
• State: Oregon
• City: Gresham
• Control #: OR-HJ-174-03
• Format: PDF

Description

A03 Domestic Relations Order Dividing Husband's PERS Account Pursuant to ORS 238.465 Gresham, Oregon Domestic Relations Order Dividing Husband's PEERS Account Pursuant to ORS 238.465 is a legal process that allows for the equitable division of a husband's retirement funds held within the Public Employees Retirement System (PEERS) after a divorce or separation. This order provides a clear framework for the division and allocation of the husband's PEERS account in accordance with the applicable state law. In Gresham, Oregon, there are various types of Domestic Relations Orders (Drop) that can be issued to divide a husband's PEERS account pursuant to ORS 238.465. These may include: 1. Qualifying Domestic Relations Order (QDR): A QDR is a court-approved order that outlines the division of a husband's PEERS account between the spouses. It ensures compliance with the requirements set forth by ORS 238.465, which specifies the methodology for dividing the PEERS account. 2. Separate Interest DO: This type of DO allows for the separation of the husband's PEERS account into distinct individual accounts for each spouse. Each account's value is determined based on the specified formula and criteria mentioned in ORS 238.465. 3. Shared Interest DO: In a shared interest DO, both spouses maintain an interest in the husband's PEERS account, even after the divorce or separation. The allocation of benefits between the spouses is determined by the terms set forth in the DO, considering the stipulations outlined in ORS 238.465. 4. Order for Direct Transfer: This type of DO grants the authority to directly transfer a portion of the husband's PEERS account to his former spouse's retirement account, such as an Individual Retirement Account (IRA) or another qualified plan. ORS 238.465 provides guidelines for the permissible transfer amount. The Gresham, Oregon Domestic Relations Order Dividing Husband's PEERS Account Pursuant to ORS 238.465 is a crucial legal instrument for ensuring the fair distribution of marital assets, specifically retirement funds held within the PEERS account. It is essential to engage legal professionals experienced in family law and retirement plan division to accurately draft, review, and implement the domestic relations order to protect the rights and entitlements of both parties involved.

Gresham, Oregon Domestic Relations Order Dividing Husband's PEERS Account Pursuant to ORS 238.465 is a legal process that allows for the equitable division of a husband's retirement funds held within the Public Employees Retirement System (PEERS) after a divorce or separation. This order provides a clear framework for the division and allocation of the husband's PEERS account in accordance with the applicable state law. In Gresham, Oregon, there are various types of Domestic Relations Orders (Drop) that can be issued to divide a husband's PEERS account pursuant to ORS 238.465. These may include: 1. Qualifying Domestic Relations Order (QDR): A QDR is a court-approved order that outlines the division of a husband's PEERS account between the spouses. It ensures compliance with the requirements set forth by ORS 238.465, which specifies the methodology for dividing the PEERS account. 2. Separate Interest DO: This type of DO allows for the separation of the husband's PEERS account into distinct individual accounts for each spouse. Each account's value is determined based on the specified formula and criteria mentioned in ORS 238.465. 3. Shared Interest DO: In a shared interest DO, both spouses maintain an interest in the husband's PEERS account, even after the divorce or separation. The allocation of benefits between the spouses is determined by the terms set forth in the DO, considering the stipulations outlined in ORS 238.465. 4. Order for Direct Transfer: This type of DO grants the authority to directly transfer a portion of the husband's PEERS account to his former spouse's retirement account, such as an Individual Retirement Account (IRA) or another qualified plan. ORS 238.465 provides guidelines for the permissible transfer amount. The Gresham, Oregon Domestic Relations Order Dividing Husband's PEERS Account Pursuant to ORS 238.465 is a crucial legal instrument for ensuring the fair distribution of marital assets, specifically retirement funds held within the PEERS account. It is essential to engage legal professionals experienced in family law and retirement plan division to accurately draft, review, and implement the domestic relations order to protect the rights and entitlements of both parties involved.