Do IRAs require a QDRO to be divided?

Contacting an account representative is a guaranteed way to figure out if IRAs require a QDRO to be divided. Click to read more.

By Richard Johnston Jr.
August 08, 2012
 
TX FAQ/Pensions, Retirement Plans, QDROs

There does not seem to be a clear answer to this question. In most cases, the custodian only requires a certified copy of the Divorce Decree, which clearly identifies the IRA to be divided (i.e. name of the custodian and the account number), the award and the identity of the parties. In many cases, this, along with transfer forms provided by the custodian is sufficient to divide the IRA. In some cases, the custodian may request a letter of instruction, which is a letter that describes the assignment in more detail and is signed by both parties. However, in some cases, the custodian may request a QDRO. I would suggest a call to the account representative or custodian to determine what is required.


Richard Johnston Jr. is a Pension & Profit Sharing Plan Specialist at QDRO Services, L.L.C. that will work with you and your family law practitioner with the division of retirement benefits and a QDRO solution. He can be reached at 1-877-531-8333.

Back To Top

August 08, 2012
Categories:  Financial Issues|FAQs

Add A Comment

Comment

Allowed HTML: <b>, <i>, <u>, <a>

Comments

Reason for your Divorce

Why did your relationship end? If there's more than one reason, choose the strongest factor.

Money Problems/Arguments
Physical/Emotional Infidelity
Physical/Mental Illness
Physical/Emotional Abuse
Alcoholism/Addiction Issues
Basic Incompatibility


Copyright © 2017 Divorce Magazine, Divorce Marketing Group & Segue Esprit Inc. All rights reserved. Reproduction in whole or in part without prior written permission is prohibited.