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If I am a beneficiary do I have access to a 401 account.

Customer Question
If I am a...

If I am a beneficiary do I have access to a 401 account

Lawyer's Assistant: Estate laws vary by state. What state are you in?

Indiana

Lawyer's Assistant: What documents or supporting evidence do you have?

A will

Submitted: 8 months ago.Category: Legal
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Answered in 4 minutes by:
11/12/2017
Lawyer: socrateaser, Lawyer replied 8 months ago
socrateaser
socrateaser, Lawyer
Category: Legal
Satisfied Customers: 40,056
Experience: Retired
Verified

Hello,

If you are asking whether as the named beneficiary of a decedent's 401(k) account, you have the right to the benefits of that account, then the answer is "yes," you do have that right. However, you must contact the 401(k) plan administrator, and provide prove that you are a beneficiary, and that the plan participant has died.

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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