Utah  |  Wills and Trusts

Legal Question

Asked on: 9/18/13, 10:40 pm

My Daughters Father committed suicide on Aug 4th 2013 and his parents say they will get his 401K money since he didnt name a benefactor and my Daughter is a minor, is this correct?

1 Answer

Answered on: 9/20/13, 8:43 am by Randy Lish

Any funds in an account without a named beneficiary must go through probate in order to distributed. This includes IRAs and 401Ks. Mom and Dad are wrong--they will only get a distribution through the probate process, and only if they are the nest in line pursuant to state statute..

Did you find this answer helpful?

0 Users found this answer helpful.

0 Attorneys agree with this answer.

Randy M. Lish, Attorney at Law 2155 N. Freedom Blvd. Provo, UT 84604

Other answers from this attorney

Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

115 Answers given in the last few hours.

8662 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search