In 1987, Jeffrey Rolison filed a handwritten form naming his partner Margaret the sole beneficiary of his work retirement account. They broke up. He passed away. And today, almost 37 years later ...

The husband and wife both pass away, leaving a 401(k) to their contingent beneficiaries, his son Peter and her daughter Beth, split 50/50. But if Beth is no longer living, under a per capita ...

Most retirement accounts — IRA’s, 401(k)’s, 403(b)’s and others pass by beneficiary designation and, if the designated beneficiary is not the decedent’s estate (most are not), then by ...

The federal government’s 401(k)-style retirement plan changed some rules around contingent beneficiaries in 2022.

Beneficiary designations; Letter of intent; ... As noted earlier, a number of your possessions can pass to your heirs without being dictated in the will (e.g., 401(k) plan assets).

Richard has an adult son from his first marriage and two pre-teen daughters from his second. The other day, while checking his 401(k) balance, Richard was struck by this thought: “Who would get ...

A 401(k)’s beneficiary designation is a simple act, ensuring assets bypass probate and reach heirs swiftly. A will, too, could have clarified his father’s wishes, eliminating guesswork.

Designated beneficiaries: Confirm and update beneficiary designations regularly. Ensure that your "love letter" reflects the most current information regarding your chosen beneficiaries for each ...

Overlooking plan-specific rules: Each 401(k) plan may have unique rules regarding beneficiary designations and spousal consent, and ignoring them can lead to rejected changes or legal issues.

JUF Planned Giving Beneficiary Designations. Make a Future Gift of Retirement Assets. Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other ...