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Is A QDRO Required For Me To Receive My Cash Distribution Award From My Former Spouse's IRA Account?

Q. Nick from NJ asks: "Is a QDRO required for me to receive my distribution cash award from my former spouse's IRA account?"

A. Evan, from Pension Evaluators®at Troyan, Inc.®answers: " In order for an alternate payee to be awarded a specified lump sum dollar amount or a percentage of the relinquishing spouse's IRA, an Order will be required; however, it would not be a QDRO. This Order would be considered an IRA Split Order. Each IRA Brokerage House will have separate transfer forms in addition to Troyan's drafted IRA Split Order. Here at Pension Evaluators® at Troyan®, we have established numerous contacts within the different Brokerage Houses. We are aware through our Plan Administrator database of certain institutions' that will require a newly created account in the name of the receiving account holder within the Brokerage House, or if the Alternate Payee may be permitted to rollout the monies into an outside account. Troyan, Inc.® the Pension Evaluator® has extensive experience in drafting IRA Split Orders. Please visit our website and download the IRA Order form to proceed. If you have any questions feel free to contact the Office."

Evan Landau,

Lead QDRO Consultant

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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.