My client is getting divorced from her husband who works at Costco. He has a sizable retirement account which we must divide by “qualified domestic relations order”, or “QDRO”.
What this does is segregate money to her own account which she would own free and clear when the divorce enters and without tax consequences. Of course Costco, like any other company, has a say about what the order looks like. It is common that we more or less follow whatever rules the given company may want to impose on how this gets divided.
Costco is the first company I have seen that actually charges the couple for the task of reviewing the order for accuracy.
This has led me to question what this is going to cost. I wonder whether the Costco lawyers come in multi-packs, shrink wrapped together and on a pallet. Individually the lawyer is not that expensive, but a six-pack of lawyer taken all at once the fees tend to add up.
I am glad they take American Express. My firm does too, but you can see us one lawyer at a time.