Using In Marriage QDROs for Estate Planning
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Clients have many financial challenges in retirement. They may need access to money for long-term care. Higher payouts for income planning. Maybe they want to delay Required Minimum Distributions (RMDs). Most think their qualified assets are locked up in their spouse’s retirement plans. One solution is a qualified domestic relations order (QDRO).
You might have thought a QDRO was reserved for couples in divorce. But for married couples, QDROs provide a unique planning opportunity to gain assets and assist in retirement income planning.
Watch to learn:
- The requirements of executing an In Marriage QDRO
- Best use cases of In Marriage QDRO planning
- How to shift assets legally when a long-term care event happens
- How to defer RMDs through spousal QDROs
Mike McGlothlin, CFP®, CLU®, ChFC®, LUTCF®, NSSA® is a bestselling author, industry-renowned speaker and expert in growth strategies for financial advisors.
Today as the Executive Vice President of Retirement for Ash Brokerage, he leads 65 direct reports who have grown a business line 300% in the last six years and is now one of the largest wholesaling teams in the Brokerage General Agency space.
As a professional guide he can help any financial advisor looking to create exponential revenue growth, to find new clients and better streamline their operations by incorporating his simple methodologies and proven models.
Stephanie Prestridge is the owner of Lineage Law, an estate planning law firm with offices across Louisiana. She spent the first few years of her career litigating business, insurance, and family law matters, until she discovered the field of estate planning when her grandfather became ill and required nursing home care. That experience forced her to rethink her personal goals as a legal professional, and to focus her practice solely on helping families with estate planning and related legal issues.