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Scott Trout Explains QDROs In Bloomberg Article

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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.

Frank Murphy

Written By Frank Murphy

Chief Compliance Officer
Frank Murphy

Frank Murphy is the Chief Compliance Officer and an Executive Partner at Cordell & Cordell. His responsibilities include oversight of the Firm’s compliance with Legal and Ethical obligations as well as contributing to the day-to-day operations of the Firm as an Executive Partner.

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