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 Scott Schomer, Estate Planning Attorney (see all)
- Study: Most Los Angeles Residents Do Not Have Wills - April 19, 2019
- What’s the Difference Between a Medi-Cal Trust and a Living Trust? - April 18, 2019
- Attend an Upcoming Estate Planning Seminar - April 17, 2019