Legal Question in Family Law in Connecticut
401k Minor Child Beneficiary
My wife recently passed away, and
my 16-year old son was named as
one of the 401k beneficiaries. In the
paperwork, it states that in order for
a minor child to collect the money, I
must include a copy of the
document(s) authorizing me to act
on his behalf. What are these
documents, and where would I get
them?
Asked on 7/10/09, 12:29 pm
1 Answer from Attorneys
John Heffernan
Heffernan Legal Group, LLP
Re: 401k Minor Child Beneficiary
It depends on the amount he'll receive from the 401K. If it's more than $10,000, you'll need to go to the probate court and get appointed his gaurdian. If less, you don't need to be appointed, but you'll have to give the administrator of the 401K fund a copy of the relevant statute which says that under $10,000 you don't need to be appointed.
Answered on 7/10/09, 2:47 pm
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