goldenmom7500
First Allocation
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You were all sooo kind when I emailed before ... here is the wording from my divorce decree. He filed no QDRO and the request was denied by TSP after 7 weeks because it didn't specify a dollar amount (or percentage on a given day). He says he complied because he "initiated" a transfer and he is done. His attorney said that no QDRO exists because they understood the TSP wouldn't accept it/want it and therefore they are compliant even though they had no QDRO or separate court order. Can anyone help me here? (I have the booklet). My specific questions: is "initiating" a financial transfer and failing due to improper paperwork good enough? Is there some specific legal language that is helpful here (honestly, does this pass the "laugh test")? And ... if an agreement says he has to file a court order (but is overly specific), wouldn't it suggest that he is liable for "a" court order? [I'd appreciate any suggestions].
“Not later than thirty (30) days after our divorce, Mr. X shall initiate the tax-free transfer of the entirety of the funds in the L2010 Lifecycle Fund as of the date of such transfer to a retirement account in Mrs. X's sole name.” and “We acknowledge that the tax-free transfer of the funds in the L2010 Lifecycle Fund may require a Qualified Domestic Relations Order (“QDRO”) to effect the transfer. Mr. X agrees to arrange for the preparation of the QDRO and to file it with the divorce filing.”
“Not later than thirty (30) days after our divorce, Mr. X shall initiate the tax-free transfer of the entirety of the funds in the L2010 Lifecycle Fund as of the date of such transfer to a retirement account in Mrs. X's sole name.” and “We acknowledge that the tax-free transfer of the funds in the L2010 Lifecycle Fund may require a Qualified Domestic Relations Order (“QDRO”) to effect the transfer. Mr. X agrees to arrange for the preparation of the QDRO and to file it with the divorce filing.”