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Showing content with the highest reputation on 09/05/2022 in Posts

  1. david rigby

    A little help

    Avoid the word "fire". Use the word "resign". Be polite and direct. If there is any work in progress, make sure you address it.
    1 point
  2. Because the question is clear and is only asking as to what happens to the beneficiary designation in a divorce when the now ex-spouse is the primary bene with contingent beneficiaries named in the same bene designation. It isn't "who gets the money" but rather after all other claims including those of an AP (or two, or three) with what is left that must be distributed per the bene rules. I though it was perfectly clear.. We're not giving legal advice here - but rather trying to discern a theoretical that happens. And, stop shouting - it hurts my ears/eyes. For what it's worth, I would also suggest those who write plans write them to indicate "in a divorce, if the spouse is named as primary bene, the spouse shall be deemed to have pre-deceased the participant with contingent beneficiaries receiving as if that were the case, unless the participant creates a new bene designation" - wordsmithed, of course. It's what our docs say - to avoid this situation entirely.
    1 point
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