Legal Question in Wills and Trusts in California
When my father took out his 401K I was not born. He named my sister as beneficiary, now that he has died am I without any rights to the money?
Asked on 4/01/12, 9:46 am
3 Answers from Attorneys
Rosemary Meagher-Leonard
Law Office of Rosemary Meagher-Leonard
Unfortunately, your sister is entitled to the 401K. Any asset such as a life insurance policy, bank account, 40K etc. that has a named beneficiary is distributable to the person named as the beneficiary. If you were left out of your father's will or trust, you may have rights as an omitted child.
Answered on 4/02/12, 6:19 pm
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