As economic conditions have changed over the past few years, so have the assets divorcing couples have accumulated during their marriage. One of the largest assets within a divorcing couple’s balance sheet is often the retirement plan(s). As we all know, there are many different types of retirement plans, such as: pension, 401(k), IRA, 457, and profit sharing just to name a few. Each of these retirement plans have not only, different requirements based on the type of plan, but each plans internal requirements may vastly differ.
QDRO Consultants would like to add to the services you provide your clients during the divorce process by offering the “Initial QDRO Assessment”. What is the “Initial QDRO Assessment”? The “Initial QDRO Assessment” will provide you with helpful information to consider based on your clients’ retirement plan(s) such as: survivor benefits, beneficiary designation, post-retirement options, gains/losses on benefits, cost-of-living increases, shared interest or separate interest benefits, retirement benefit options (i.e. NV PERS has 7 options), etc., as they apply to your client.
The “Initial QDRO Assessment” fee is $200.00 per plan. Simply, complete the enclosed checklist; send the checklist and the fee to my office to begin the process. Once the information is gathered from the retirement plan(s), an “Initial QDRO Assessment” form will be provided to your office. This assessment will outline the perceivable options of your clients own retirement plan(s). If your client chooses to use my services to complete the QDRO drafting and submission process (during or after the divorce), the $200.00 per plan fee (“Initial QDRO Assessment”) will be deducted from the standard QDRO fee charged.