Hi QDRO Specialists,
In a divorce situation, both parties established 401(K) with new employers after the date of separation (in CA). These 401(K)s are separate properties belonging to each party but opened with marital status as 'Married'. Is a QDRO needed to update marital status and beneficiary post-divorce?
QRDO is needed to divide community property 401(K). But in a situation where both parties decide to retain their respective 401(K) and forever waive rights to this community property (similar amounts), is a QDRO needed to update marital status and beneficiary post-divorce? i.e. Is QDRO needed to waive these rights?
Finally, is it correct to assume that QDRO doesn't apply to IRA rollover and Roth IRA accounts?
Thanks for your comments.
George
