You need to have a Qualified Domestic Relations Order prepared, which is a special order required by federal law, directing a retirement plan administrator to pay out a portion of retirement plan benefits, such as 401k to a former spouse. The QDRO is entered by the divorce court, and then sent to the retirement plan administrator, who processes it and then pays out as directed by the Court.
Answered on Mar 11th, 2014 at 10:57 AM