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.
QDRO: Not Just for Divorce Anymore
Attorney at Wilcox Attorneys, PA
Audra Bailey Wilcox is the owner and lead Attorney at Wilcox Attorneys, PA.Audra grew up in Brinkley, Arkansas where her family is engaged in farming rice and soybeans.She began practicing law in 1998 after receiving her BA and her JD from the University of Arkansas.
Audra has received extensive training from the American Academy of Estate Planning Attorneys, a national organization. She is one of 8 attorneys currently serving on the Academy’s Board of Governors.
Audra and her husband Ernie have two children, Ellyn and Coleman. They enjoy traveling, auctions, and owning a gift and antique store in historic Prairie Grove, Arkansas. The whole family enjoys Razorback sports.
Audra has received extensive training from the American Academy of Estate Planning Attorneys, a national organization. She is one of 8 attorneys currently serving on the Academy’s Board of Governors.
Audra and her husband Ernie have two children, Ellyn and Coleman. They enjoy traveling, auctions, and owning a gift and antique store in historic Prairie Grove, Arkansas. The whole family enjoys Razorback sports.
Latest posts by Audra Bailey Wilcox (see all)
- Trust Administration Tips for the Beginner Trustee - November 7, 2023
- Arkansas Executor Guide: How to Probate an Estate - October 31, 2023
- What Can I Do to Prevent Disputes Over My Estate After I’m Gone? - October 24, 2023
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