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Free cpece webinars
IRAs, Qualified Plans, and Divorce


Cost Free
Presentation Length 1.0 hour

Recorded DateNovember 11, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

This webinar will discuss how to divide an IRA income tax-free in a divorce under Section 408(d)(6) of the Internal Revenue Code and the hidden issues often undiscussed around this process. The presenter will also cover the unique rules involved in dividing qualified plan benefits in a divorce, the tax ramifications to the participant, and the “alternate payee.” The session also covers the concept of a qualified domestic relations order and the conflicting rules for IRAs and qualified plans when a participant neglects to change a beneficiary after a divorce.
Learning objectives:

  • Determine how to divide an IRA tax-free in a divorce

  • Discuss the requirements of Section 408(d)(6) of the Internal Revenue Code

  • Define the tax consequences to the ex-spouse when taking a distribution from the IRA

  • Recognize what a qualified domestic relations order is, who bears the income tax on distributions pursuant to a qualified domestic relations order, and how to avoid the 10% penalty on distributions before reaching age 59 ½

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Jere Doyle is an estate planning strategist for BNY Mellon Wealth Management and a senior vice president of BNY Mellon. He has been with the firm since 1981. Jere provides wealthy individuals and families throughout the country with integrated wealth management advice on holding, managing, and transferring their wealth in a tax-efficient manner.
Jere is admitted to practice law in the Commonwealth of Massachusetts and before the United States District Court, United States Court of Appeals (First Circuit), and the United States Tax Court. He formerly served as a member of the Massachusetts Joint Bar Committee on Judicial Appointments. He is the editor and co-author of Preparing Fiduciary Income Tax Returns, a contributing author of Preparing Estate Tax Returns, a contributing author of Understanding and Using Trusts, and a contributing author of Drafting Irrevocable Trusts in Massachusetts, all published by Massachusetts Continuing Legal Education. Jere is also a reviewing editor of the 1041 Deskbook published by Practitioner's Publishing Company. Jere is a lecturer in law in the Graduate Tax Program at Boston University School of Law.

About Our Presenter

Over BNY Mellon’s 200+ year history, they’ve seen times of prosperity, uncertainty and possibility. Their Active Wealth approach is grounded in a deep understanding of who their clients are, and that has brought the success they care about most: highly satisfied, loyal clients whose relationships span generations.