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The In Marriage QDRO® incorporates the ability of spouses to contract under state domestic relations law with the enforcement mechanism of a Qualified Domestic Relations Order (QDRO) under federal law. The presentation will feature the pioneer of In Marriage QDRO, Marcus Foote, Esq., providing an overview of the statutory and jurisprudential authorities allowing for an In Marriage QDRO® (IMQ), then get into the most common applications. These applications include delaying RMDs by transferring funds to a much younger spouse, saving a pension in Long Term Health Planning and asset diversification by removing 401k funds to a privately managed IRA account ahead of retirement.

Learning Objectives

  • Legal justification for transacting QDROs while married.
  • How to identify fact scenarios amongst your current clients where the In Marriage QDRO® could used to better their financial situation. This will also include an overview of the IRS rules that allow transfers and rollovers between accounts that could set up the ability of an IMQ.
  • Discussion of the financial benefits of the most commons uses for the IMQ, such as delays of RMDs, Roth Conversions, Savings pensions in Long Term Health Planning as well as simple diversification of assets away from a possible stock market down turn.
  • Risks and Considerations and Ethics involved in handling an IMQ.

*CE/CPE Eligible: 1 CE credits are available to subscribers with these designations: CFP, CLU, ChFC and RICP. CPA subscribers will earn 1 CPE credits.

 

Field of Study: Specialized Knowledge

Prerequisites: There are no prerequisites for this session.

Advanced Preparation: None

Program Level: Basic

Delivery Method: Group Internet Based

NASBA Approved

Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.