• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

help!! how, what , when....the qdro thing....

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

M

MICHELE2222

Guest
DIVORCED IN TEXAS IN SEPT. 2000. 1/2 PENSIONS AND 401K WAS AWARDED TO ME. I HAVE YET TO SEE ANY PAPERWORK ETC. ON THIS AND WONDER IF IT WAS EVER TAKEN CARE OF.....WHAT DO I DO NEXT. MY ATTORNEY IS WORTHLESS AND EXPENSIVE. I WANT TO TAKE THE MONEY IN THE 401K AND ROLL IT OVER TO A DIFFERENT ACCOUNT. IS THIS POSSIBLE?
 


M

MMB

Guest
QDRO (401K Information)

Once a Qualified Domestic Raltions Order has been signed by the court, the attorney usually sends a certified copy to his client. If he/she failed to send you a certified copy, you should apply for one yourself at the County Courthouse.

This order needs to be sent to the Employer of the spouse giving up a portion of his/her 401k funds. The Plan Administrator of the Employer then should send you Distribution paperwork that you will need to fill out: as to whether you want the funds rolled into your own 401k account, or if you would rather 'cash out' your portion awarded by the court.

I would make sure any paperwork that you send be mailed certified only to the Employer. If you know the company that manages the 401k held by your ex-spouse, I would suggest also contacting them to let them know that there is a QDRO pending against your husband's 401k. If you don't do this, and your husband cashes out, or transfers to a new job, it will only complicate your situation further.

I have been fighting for mine for six months now as my husbands' employer went through a bankruptcy, then a buyout. The Plan Administrator left the company and the court had to appoint another Plan Aministrator to sign my Distribution paperwork. I am still waiting for this guy to send my information to Minn. Life.

I hope this information is helpful to you. I am looking at this point for any information I can find on contempt action filings, or a statute of limitation on the time limit an employer has to process a court awarded 401k distribution in good faith. Good luck!!
 
M

MMB

Guest
QDRO (401k Information Cont'd)

Just wanted you to know that I im Texas as well. I want to emphasize that it is your responsibility to send the certified QDRO to the Employer of your ex-spouse if you are certain that your attorney has and/or will not.

If you have any other questions regarding this issue, you can contact me at <[email protected]> .
 

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top