Qualified Domestic Relations Orders (QDRO) and Financial Firms

Stockbroker Law - Tuesday, February 22, 2011
Qualified Domestic Relations Orders (QDRO) and Financial Firms

Qualified Domestic Relations Orders (QDRO) are judgments issued by a judge in a divorce (equitable distribution) proceeding, ordering the freezing of retirement-type accounts, such as IRA’s, 401K’s, 403(b)’s, pension plans, and retirement annuities. 

Financial firms are required to adhere to the directives of these orders, but oftentimes fail to assure the proper protection and safeguarding of monies and assets in these accounts, thereby permitting a spouse to deplete the assets to the harm of the innocent spouse, who has otherwise been afforded protections under the terms of the order. 

 If you feel you have been harmed through the failure of a brokerage firm to protect your rights and financial accounts subject to a Qualified Domestic Relations Order, we invite you for a free initial consultation to discuss your case.

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