If your Qualified Domestic Relations Order is not properly drafted, you may be the loser.
What if your spouse dies after you start receiving your portion of the benefit? Will your portion continue to come to you?
What if your spouse dies before the benefit starts? Will you still get the portion you were entitled to?
What if your spouse takes early retirement with a large buyout package? Does your QDRO say you are entitled to a portion of it?
What if you are to receive half your spouse's 401k but before it is divided the market goes up sharply? Are you entitled to half the increase?
These are some of the many issues that are sometimes ignored when the QDRO is drafted. Be sure to talk to your attorney about these issues.
Saturday, January 20, 2007
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