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Can the QDRO preparer represent both the participant and alternate payee?

April 26, 2017alternate participant payee preparer QDRO

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Can the QDRO preparer represent both the participant and alternate payee?

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No. There is a common misconception that there is only one way to prepare a QDRO. In fact, the QDRO preparer has many options even with the most basic plans. Even when the parties claim to agree on everything related to the division of benefits, there are a multitude of unforeseen events that could present a conflict of interest for the attorney.