In our divorce settlement I am receiving a monthly payment from his retirement pension. He wants make me the beneficiary to it and we were wondering if it could be as simple as us drawing up a notarized contract or is this something a lawyer needs to help with? He does not have a Will or Living Trust. Or, would this be an amendment to our divorce decree? He has remarried.
If he wants to make you a beneficiary of his share of the retirement, I suggest he contact his Plan Administrator and inquire about naming (or changing) a beneficiary.
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