Retirement Accounts


#1

It depends on the specific language of the waiver, however generally the waiver of rights will supercede any beneficiary designation.

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Helena M. Nevicosi
Attorney with Rosen Law Firm

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#2

My brother and sister-in-law married and later divorced in NC. Wife was beneficiary on husband’s retirement accounts. In property settlement each relenquishes the right to any claim to the other retirement accounts. However, my brother never changed the beneficiary on some accounts. He has now died and I am the administrator or his account. Does the beneficiary designation take precedence over the relenquishment in the property settlement?

Maxine Emory