Dividing 401(k) and IRA Accounts in Divorce

This video features Jillian French, a Family Law attorney based in Texas.

Austin, Texas Divorce Lawyer Explains What Happens to Retirement Benefits

Video Transcript:

Tom Mustin: 

How does the division of 401(k) and IRA accounts work in a Texas divorce? We ask attorney Jillian French in this Ask The Lawyers Quick Question.

Jillian French: 

For 401(k), those are typically gonna be referred to as qualified plans, and so those would be divided through what's called a Qualified Domestic Relations Order. For IRAs, those are typically divided through the divorce decree, and then most of them require a copy of the divorce decree, and then, additionally, a form, typically something that the plan themselves creates, and then they want the form to be filled out with a copy of the decree.

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