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Can retirement plans be divided between the parties in a divorce?

April 26, 2017divided divorce Parties retirement plans

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Can retirement plans be divided between the parties in a divorce?

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Yes. Most plans like 401(k)’s, profit sharing plans, and pensions can be divided at the end of a divorce by a document called a Qualified Domestic Relations Order (“QDRO”), so that an interest in the plan can be transferred to the other spouse without adverse tax consequences.