Scott Trout Explains QDROs In Bloomberg Article | Cordell & Cordell

Scott Trout Explains QDROs In Bloomberg Article

BloombergCordell & Cordell Executive/Managing Partner, CEO Scott Trout was recently quoted in a Bloomberg story about qualified domestic relations orders (QDRO).

When couples divide their 401(k) plans in divorce, they are charged a fee to process a QDRO in order to transfer assets in a defined-contribution account. Depending on the circumstances, these fees can cost anywhere from $300 to $1,200 or more.

Mr. Trout said Cordell & Cordell typically charges $500 to $700 to draft a QDRO, and the attorneys do much of the heavy lifting.

The article details how complicated QDROs can be to administer and how they often end up being a huge unexpected expense in many divorce cases.

Click here to read the full article.

About Shawn Garrison

Shawn Garrison is an Online Editor for Lexicon, focusing on subjects related to the legal services of customers, Cordell & Cordell and Cordell & Cordell UK. He has written countless pieces dealing with the unique child custody and divorce issues that men and fathers face. Through his work on CordellCordell.com, CordellCordell.co.uk, and DadsDivorce.com, Mr. Garrison has become an authority on the complexities of the legal experience and was a content creator for the YouTube series “Dad’s Divorce Live” and additional videos on both the Dad’s Divorce and Cordell & Cordell YouTube channels.

Mr. Garrison has managed the sites of these customers, and fostered the creation of several of their features, including the Cordell & Cordell attorney and office pages, the Dad’s Divorce Newsletter, and the Cordell & Cordell newsletter.