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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