What is the name of your state (only U.S. law)? Florida
To make a long story short. My mom passed away and her will life insurance etc... list her children equal beneficiaries. She has a 401k with a Guaranteed death payout.
She has been divorced for 12 years and her divorce papers had some wording stating the exhusband waived rights to future compensation etc... No one has had contact with him adn we are unable to locate him other than a PO box. We found out he is listed as her beneficiary for 401k (we were all minors when it was signed in 1990).
Based on what I have read we have no rights to the 401k due to her not changing it. My questions are as follows...
How does a company contact a beneficiary? What is considered due effort on thier part?
If the company has not been provided a death certificate will they obtain on their own and disperse money?
Will the 401k portion go to the estae as an "asset" and the death benefit be paid to him?
My exstep father has 100,000 of thousands of dollars in back taxes and child support, would he even see the money?
If we found him could he even waive his right to be a beneficary so that he will was honored?
To make a long story short. My mom passed away and her will life insurance etc... list her children equal beneficiaries. She has a 401k with a Guaranteed death payout.
She has been divorced for 12 years and her divorce papers had some wording stating the exhusband waived rights to future compensation etc... No one has had contact with him adn we are unable to locate him other than a PO box. We found out he is listed as her beneficiary for 401k (we were all minors when it was signed in 1990).
Based on what I have read we have no rights to the 401k due to her not changing it. My questions are as follows...
How does a company contact a beneficiary? What is considered due effort on thier part?
If the company has not been provided a death certificate will they obtain on their own and disperse money?
Will the 401k portion go to the estae as an "asset" and the death benefit be paid to him?
My exstep father has 100,000 of thousands of dollars in back taxes and child support, would he even see the money?
If we found him could he even waive his right to be a beneficary so that he will was honored?