What is the name of your state? Texas
My brother wants to disallow himself as the beneficiary of our father's 401 plan so that the money goes to the estate account. The intention is that it can then be distributed equally between the three of us.
Is it legal for him to disallow himself or will he have to accept the money and then present it to us as a gift?
Robert
My brother wants to disallow himself as the beneficiary of our father's 401 plan so that the money goes to the estate account. The intention is that it can then be distributed equally between the three of us.
Is it legal for him to disallow himself or will he have to accept the money and then present it to us as a gift?
Robert