Can My Ex-Spouse Get My Retirement Account? What Denver Professionals Need to Know

Dan McKenzie • April 12, 2026

The logic and law here can be surprising, but it essentially comes down to how your retirement account is "titled" and the paperwork on file with the financial institution.

Why Your Will Isn’t Enough

When most people think about their final wishes, they focus on their Will or Trust. While these are critical tools, they often do not control who gets your 401(k) or IRA. Retirement accounts are usually transferred through a designated beneficiary form. This is a specific legal document you fill out with your bank or investment firm.

Even if you have a comprehensive trust, you cannot simply "put" a retirement account inside it while you are alive. The IRS requires these accounts to be titled to a living person so they can track distribution requirements—the rules about when you must start taking money out based on your age. Because the beneficiary form acts as a standalone contract, it often overrides whatever you wrote in your Will.

The Post-Divorce Trap

A very common and heartbreaking situation happens after a divorce. While a couple is married, they naturally list each other as beneficiaries. After the divorce is finalized, they may update their Will or establish new bank accounts, but they often forget to update those specific beneficiary forms with their financial advisor or HR department.

If you pass away and your ex-spouse is still listed on that form, the money will likely go to them. In the eyes of the financial institution and the law, that form is a clear instruction that must be followed, regardless of your current relationship status or what your other estate planning documents say.

Protecting Your Legacy in Colorado

If it has been more than five years since you last looked at your estate plan, or if you have gone through a major life change like a divorce, now is the time to act. Ensuring your hard-earned savings go to your children or your current spouse requires a careful review of every account you own.

At The McKenzie Law Firm, LLC, we help families in Centennial and across Colorado ensure their plans actually work when they are needed most. Don't leave your retirement to chance or outdated paperwork. To make sure your plan is up to date, schedule a consultation with our team or call us at 720-821-7604.

The McKenzie Law Firm, LLC practices law exclusively in Colorado. This post is for general informational purposes only and does not constitute legal advice. Please consult a qualified attorney regarding your specific situation.

< Older Post Newer Post >

Two people chatting at a small outdoor café table, with coffee cups and a red brick wall behind them

Can a Will Expire? What You Need to Know About Older Estate Plans in Colorado

September 22, 2026

Can a will expire in Colorado? Learn how older wills remain valid, when to update an estate plan, and how The McKenzie Law Firm, LLC assists Centennial residents.

What Happens to a Bank Account When Someone Dies in Colorado?

By Dan McKenzie • September 15, 2026

Losing a loved one is overwhelming, and many families are surprised to learn that financial matters can freeze instantly after a passing. When a person dies, their legal financial identity stops immediately. This means they can no longer hold property, sign agreements, or authorize payments. Even if you hold a power of attorney—a legal document allowing you to make decisions on someone’s behalf while they are alive—that authority ends the moment they pass away. Families across the Denver metro area are often caught off guard when trying to access funds to pay for immediate expenses.