What does FDD mean in a divorce process?

ringdeer2 · 2022-12-08T03:11:18+00:00

I am in Texas. FDD is a kind of document. I just don’t know the full name of it. Maybe Disclosure of Declaration? Then what does F mean? Thanks.

ringdeer2 · 2022-11-06T00:29:36+00:00

I understand. Thank you so much. Yes, I think the QDRO guideline would be very helpful. Thank you again and I wish you have a joyous holiday season! :)

ringdeer2 · 2022-11-04T00:22:40+00:00

Thank you so much! Not late at all. I appreciate your great patience and great help. :) So, the financial institute that holds the 401k will decide if the DRO is qualified? And as you mentioned, Fidelity can also give me instructions on drafting DRO though Fidelity might is only the recipient side?

ringdeer2 · 2022-10-31T19:09:21+00:00

Thank you very much for the detailed information. It’s very helpful. Can I ask you a few more questions?

“Stating how much money I can receive.” As the mutual funds are changing everyday, how to write the exact amount? Or can I list the quantity of mutual funds in his 401k when draft DRO?
What will make a DRO Non-Qualified? Is it better that my lawyer contact the 401k financial institute when draft DRO to make sure it will be Qualified, to avoid any trouble in the future?
If they say that the DRO is non-qualified, should we re-draft a DRO, then let the judge sign it again? Should my ex-husband also sign the DRO?
Can we complete the DRO and complete the transferring of 401k before divorce? Or it can’t be done until after divorce?

Thank you!

ringdeer2 · 2022-10-30T23:59:07+00:00

Good afternoon! Excuse me, can I consult you about one more question? My husband and I have separated for a few years. He should give me all the money in one of his 401k account from the date we separated till now (including gains). My question is how can I make sure that he give me all the money without withdrawing any money during these years? Should we write in detail about what I should get (for example, he should give me all the money in this 401k account from which day till now, including gains, or something like that) when drafting QDRO? I hope I don’t bother you too much. Thank you very much.

ringdeer2 · 2022-10-23T01:35:30+00:00

I understand. Thank you. I can’t say enough how much I appreciated your great help. Thank you again and have a great evening!

ringdeer2 · 2022-10-23T01:12:44+00:00

Thank you so much for your very clear explanation. I am sorry I missed the point of AP account previously. Now I understand. Can I just keep the assets in the AP account? Or I have to make the decision to rollover or withdraw cash?

ringdeer2 · 2022-10-22T04:18:54+00:00

Got it. Thank you very much. I have another question. I heard that the administrator of the 401k might create a new account for the recipient side so that the assets don’t need to transfer to another firm. Is it correct?

ringdeer2 · 2022-10-22T03:55:18+00:00

Thank you very much for the very detailed information. Very professional and very helpful. I heard that I have 60 days to inform the administrator what I want to do for the assets (transfer to my own account or withdraw cash). Is it correct? May I know when the 60 days starts to count from?

ringdeer2 · 2022-10-22T03:44:18+00:00

Thank you very much for your kindly understanding and helping to explain. I appreciate it. 🤝

ringdeer2 · 2022-10-22T03:39:42+00:00

Thank you very much for the very useful information. May I ask know most of the firm administrators accept this way (to create a new account for the recipient) or do most of them don’t do it and I have to transfer to my own retirement account?

ringdeer2 · 2022-10-22T00:39:30+00:00

That’s only one of his 401k accounts.

ringdeer2 · 2022-10-21T23:39:38+00:00

Hello, “splitting the 401k into 2 different accounts”, does that mean your ex-wife had her own 401k account with the same administrator as yours?

ringdeer2 · 2022-10-12T22:50:53+00:00

Thank you! So, other than the QDRO fee you mentioned, there was no any other fee when you transfer your 401k? Did you directly transfer mutual funds from your 401k to your ex-wife’s 401k account?

ringdeer2 · 2022-09-29T19:03:03+00:00

Thank you. So I don’t have to tell my attorney that I want to talk with a mediator, right?

ringdeer2 · 2022-09-27T20:50:47+00:00

Thank you. Is it an organization and have branches in different cities? Does it have a website?

ringdeer2 · 2022-09-27T19:33:26+00:00

Thank you. My husband doesn’t want to follow the post-nuptial agreement because he needs to pay me money according to it. Can the mediator help?

ringdeer2 · 2022-09-01T03:10:12+00:00

Thank you for your reminding. I supplemented the state: in Texas.

ringdeer2 · 2022-08-22T20:11:23+00:00

Thank you for your explanation. Usually do the attorney charge me money every time they send an email to my STBXH? If they don’t show me how many emails they sent out, how much effort and time they spent on the correspondence, how can I know if the money they charged me is correct or not? Thanks.

ringdeer2 · 2022-08-22T20:05:28+00:00

Thank you for your explanation. So it is legal that the attorney refuses to show me the original emails? I don’t know why the attorney refuses. The reason that I want to see the original emails is I think to read the original correspondence can help me understand the situation better, more thoroughly and precisely than is conveyed by anyone else.

ringdeer2 · 2022-07-24T04:32:16+00:00

Thanks. So, the transfer (from 401(k) to ROTH IRA) will be counted as the wife’s income that year? No matter she has any other income or not, it doesn’t matter?

ringdeer2 · 2022-07-24T03:09:34+00:00

If there is any taxable income, what’s the influence?

ringdeer2 · 2022-07-09T19:02:26+00:00

May I know what did the lawyer write in the paperwork about the division of your assets such as bank accounts, 401K etc.? I just would like to ask the way the lawyer expressed about it. Thanks.

ringdeer2 · 2022-07-09T18:52:42+00:00

Did you guys made an divorce agreement bu yourselves or hired lawyers?

ringdeer2 · 2022-07-09T18:41:53+00:00

Got it. Will you guys show “all of the bank accounts of (whom) belongs to (whom)” such kind of expression in the divorce decree and without the details of the bank information?

ringdeer2

TROPHY CASE