Legal Question in Wills and Trusts in Texas
retirement funds/401 k
my father passed away-my sister and i are the only beneficiaries on the policy. He did not have his wife (not our mother) sign anything. How are the monies divided or are they at all? He had no will.
Asked on 9/09/08, 4:55 pm
2 Answers from Attorneys
Donald McLeaish
McLeaish&Associates;, P.C.
Re: retirement funds/401 k
Insurance policy goes to beneficiaries..and may be divided or used as beneficiary wishes...
Answered on 9/09/08, 4:57 pm
Patricia F. Bushman
BUSHMAN LAW OFFICES
Re: retirement funds/401 k
If you and your sister are listed as the beneficiaries on the 401(k) then the funds should go straight to the two of you in whatever proportions your father indicated on the beneficiary designation. The Plan Administrator should tell you what you will need to claim you share.
Answered on 9/09/08, 5:05 pm
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