Affordable QDROs.
QDROs are typically a necessary part of a divorce and we understand the need to provide affordable QDRO preparation. In addition to rolling over the QDRO funds to save for retirement, often the parties rely on the funds from the QDRO(s) to pay off marital debt, pay out home equity from one spouse to the other or to use as down payment for a new home. That is why it is important to find an affordable CT QDRO attorney. However, it is equally important to hire a skilled CT QDRO attorney to prepare the QDRO(s) to avoid losing valuable benefits. We charge a flat rate for QDRO preparation so that the parties do not incur costly fees for hourly rates. Where possible, we try to aggregate benefits to reduce the number of QDROs required.
Our fee to prepare and submit a QDRO is $800.00 for the first QDRO and $700.00 for each additional QDRO. The fee includes preparing the QDRO, obtaining preapproval from the Plan Administrator, sending it to the parties’ for signatures, filing it with the court for a court certified order and submitting the court-certified order to the Plan Administrator for formal approval and processing. The QDRO fee does not include the court fee for obtaining a certified copy of the parties’ Judgment File if the Plan requires it.
Calculations: Our fee to calculate the amount necessary to equalize retirement accounts is $50 to $100.00 depending on the complexity. Our fee to calculate marital portions is $100.00. Our fee to calculate gain/loss adjustments, when the recordkeeper is unable to do so, is $100.00 per hour with a minimum of 1 hour.
Military Pension Calculations: When calculations are required for a Military Pension Division Order, our fee is $100.00 per hour with a minimum of 1 hour.
Pre-judgment mediation / Retirement benefit disputes / Expert testimony.
Our fee for pre-judgment work related to division of retirement assets is $350.00 per hour. This includes identifying issues related to the division and taxation of retirement assets the parties have and offsets of non-retirement assets including Social Security, life insurance and home equity.
We do not charge for reviewing or providing Settlement Agreement language to attorneys/mediators when the QDRO(s) will be prepared by our office.
Retirement Benefit Disputes / Expert Testimony.
Attorney Ursin’s fee for work related to Retirement Benefit Disputes or Expert Testimony is $400.00 per hour.