Allred v. Allred
Nov 21, 2019OUTCOME: Decided in favor of the Appellant
Appeal to the Maryland Court of Special Appeals regarding whether the lower court erred when it determined that the Appellee was entitled to investment experience on her portion of Appellant's 401(k) A ... ccount to be transferred via a Qualified Domestic Relations Order. The Court determined that the parties' Separation Agreement was contained clear language directing the Appellee to only receive investment experience on her portion of the funds for the time period prescrived in their Agreement. Additionally, this was a case of first impression in Maryland that indicates that if the amount to be awarded to an Alternate Payee is listed as a dollar amount, investment experience does not apply, however, if it is listed as a percentage, then investment experience would be included.
