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SEPP plan and QDRO in divorce

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ByIRISH

L1: SEPP plan and QDRO in divorceI have a client that is getting divorced. He anticipates that the courts will issue a QDRO to give his wife a substantial portion of his IRA. He has been on a SEPP with the IRAsince August of 2005 and is scheduled to turn 591/2 in March 2012.
How will a QDRO distribution affect the SEPP he is on? Is this considered a break in the SEPP or are there provisions for this type of situation?2006-07-25 12:59, By: IRISH, IP: [66.42.140.168]

L2: SEPP plan and QDRO in divorcePrior to Rev. Rul. 2002-62 there were a variety of PLRs that dealt with QDROs. However, since 2002-62 I have seen no rulings. Do the old ruling still apply?Answer… unknown. And unfortunately the price of a PLR has increased substantially.
Best bet… If possible, use assets other than the assets in theSEPP.
2006-07-25 16:04, By: Gfw, IP: [172.16.1.71]

L2: SEPP plan and QDRO in divorceAlso, scroll to p 2 to the discussion on “jacko”s” post.2006-07-25 18:58, By: Alan S., IP: [24.116.165.157]

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