Saturday, December 27, 2014

I want to name my children as beneficiaries, which is fine for many of my accounts. However, some are requiring my husband to be listed as b...

Question

I want to name my children as beneficiaries, which is fine for many of my accounts. However, some are requiring my husband to be listed as beneficiary. Why?



Answer

They usually have a waiver such that the spouse must sign off. The theory is a spouse can never be disinherited. They can always take against a will if the spouse is trying to keep them out of the estate plan.



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