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Showing content with the highest reputation on 06/03/2016 in Posts

  1. QDROphile

    Qdro 24 years later

    You are more likely to get helpful comments about technical aspects of QDROs on this board. For my part, issues about what is fair with respect to dividing assets or not are not matters that have answers that can be given from afar. Fight about that in local court. As to the technical issues, the stream of retirement payments for your life can be divided prospectively any way the court approves, including initial payments that are increased for some time to make up for past payments that were not divided. Yes, you can argue that the delay that caused those payments to slip by without division is the former spouse's fault and it is unfair to go back and retrieve them, but the federal law about QDROs is indifferent to fairness. That is a matter of state domestic relations law and a competent local lawyer is your best bet but will not be able to perform magic.
    1 point
  2. Step two - go ahead and have the existing trustee-who-isn't-really-a-Trustee removed, and he can appoint himself as Trustee. Does the Plan document have "failsafe" language where if no Trustee is appointed that the Employer/Plan Sponsor is the Trustee? If so, I think you probably don't have any worries. If not, then if the Employer/Sponsor performed any Trustee duties, you might want to check with an ERISA attorney about some sort of resolution formally ratifying any acts performed as a Trustee while not officially being named a Trustee - that's getting out of my league.
    1 point
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