Transferring an ERISA account, like a 401(k), from one spouse to another can have substantial tax benefits, by delaying Required Minimum Distributions or avoiding early withdrawal penalties. However, one cannot simply transfer an account from one spouse to another under most circumstances without triggering adverse tax consequences. A Qualified Domestic Relations Order or “QDRO” avoids those adverse consequences. While a QDRO is most commonly used in a divorce context, divorce is not a requirement. Read on to learn more.
Latest posts by Daniel DeBruyckere (see all)
- Reasons to Update Your Estate Plan: Relocating for Retirement - November 19, 2019
- The Questions of Estate Planning, Part 4: Where - November 14, 2019
- The Questions of Estate Planning, Part 3: When - November 12, 2019