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
- Estate Planning Reduces Stress During High Anxiety Times - December 20, 2021
- Living Will vs. Living Trust: What’s the Difference? - December 13, 2021
- The Other Side of the Unauthorized Practice of Law - December 6, 2021
Leave a Reply