My mother in law wants to have our childrens social security numbers for her 401k, life insurance, and to set up accounts in their names. Ca...

Question

My mother in law wants to have our childrens social security numbers for her 401k, life insurance, and to set up accounts in their names. Can she use her will to direct money from the life insurance, 401k, and any other monies she might want to give to them? I am hesitant to give out their personal information but she says she is required by all companies to include this information as there is no other way to distribute money to them after she dies.

Answer

Give her the children's social security numbers. I doubt that she wants to steal their identities.