DadsDivorce.com provides essential information and resources about divorce, alimony, child support and child custody to men and fathers at any stage of divorce.

by Tiffany McFarland Esq., Cordell & Cordell, PC.

Transferring IRA Interests

Interests in your traditional individual retirement account (“IRA”) or that of your spouse may be made per Internal Revenue Service (“IRS”) guidelines when the transfer is incident to a divorce. The transfer is tax free.

There are two commonly-used methods of transferring IRA assets to a spouse or former spouse.  You can change the name of the existing IRA account or you can make a direct transfer of IRA assets from one account to another. 

by Tiffany McFarland Esq., Cordell & Cordell, PC.

Once the divorce decree is finalized, my clients usually feel a tremendous sense of relief that a long and often emotional and expensive journey has come to an end.  Unfortunately, while a divorce decree marks the end of one journey, it also marks the beginning of another.  This is the point at which even most patient clients have thrown their hands up in frustration asking, “When will this divorce be over?!”  I believe developing an early understanding of your post-divorce responsibilities is an important step in averting this common frustration. The purpose of this series of articles is to provide you with information about the form and purpose of the different documents you may be asked to review and execute after the divorce is final so that you are prepared for your own post-divorce housekeeping.  To begin, let’s discuss some of the most common after divorce to-dos.