R
rureadirw
Guest
contingent would like part of the payout
In the state of Massachusetts a married individual has to assigned the spouse as the beneficiary. With this being said I, one of two offsprings, was assigned as a contingent beneficiary.
The only thing my parents had in common was a key to the front door. Years ago my "deceased parent" mentioned that I would be taken care of should "anything happen". The living primary beneficiary wants to collect the payout and has told me of this information. This is my only living parent - I do not want to cause any problems, but I know for a fact my deceased parent would have wanted me to have all of the money, but could not assign me as the primary beneficiary without the consent of the spouse - and that wasn't going to happen. I don't want it all - I'm willing to share. And I am not going to fight for it. I just want some.
I've seen the company 401k policy and I've seen the phrase "contingent" next to my name. Is it possible to get a piece of document that discusses happy payouts for both primaries and contingents; or am I at the mercy of the primary. I want to be able to present this information to the living parent, in addition to having a pleasant conversation. Thank you for feedback.
[Edited by rureadirw on 02-13-2001 at 02:22 PM]
In the state of Massachusetts a married individual has to assigned the spouse as the beneficiary. With this being said I, one of two offsprings, was assigned as a contingent beneficiary.
The only thing my parents had in common was a key to the front door. Years ago my "deceased parent" mentioned that I would be taken care of should "anything happen". The living primary beneficiary wants to collect the payout and has told me of this information. This is my only living parent - I do not want to cause any problems, but I know for a fact my deceased parent would have wanted me to have all of the money, but could not assign me as the primary beneficiary without the consent of the spouse - and that wasn't going to happen. I don't want it all - I'm willing to share. And I am not going to fight for it. I just want some.
I've seen the company 401k policy and I've seen the phrase "contingent" next to my name. Is it possible to get a piece of document that discusses happy payouts for both primaries and contingents; or am I at the mercy of the primary. I want to be able to present this information to the living parent, in addition to having a pleasant conversation. Thank you for feedback.
[Edited by rureadirw on 02-13-2001 at 02:22 PM]