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?
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..
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Randy M. Lish, Attorney at Law 2155 N. Freedom Blvd. Provo, UT 84604► Other answers from this attorney