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Thanks for all the reply's. Just to add something: he has a nephew who lives and works in Los Angles. Last year he had an oral agreement with the nephew. He would name the nephew as beneficiary who has a SS #, would receive the proceeds and would then pay the sister (nephews mother) in...
I have a Mexican friend that has lived in Arizona for over forty years. He is retired from working for the state for 30 years and has a tax deferred retirement plan (I think 403-(b)). He wants his sister who lives in Mexico to be the beneficiary to the plan but he has been told by the...
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