Cordell & 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.
Written by Joseph E. Cordell
Joseph E. Cordell is the Principal Partner at Cordell and Cordell, P.C., which he founded in 1990 with his wife, Yvonne. Over the past 25 years, the firm has grown to include more than 100 offices in 30 states, as well as internationally in the United Kingdom. Mr. Cordell is licensed to practice in the states of Illinois and Missouri and received his LL.M. from Washington University in St. Louis, Missouri. Joseph E. Cordell was named one of the Top 10 Best Family Law Attorneys for Client Satisfaction in Missouri.
