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Guest MEWilson
Posted

Unmarried participant dies and leaves benefit to children. 2 of the beneficiaries are minor children. How do you handle distribution to minors? They obviously can't complete distribution forms.

Posted

Edited excerpt from Corbel document:

In the event a distribution is to be made to a minor Beneficiary, then the Administrator may direct that such distribution be paid to the legal guardian, or if none, to a parent of such Beneficiary, or to the custodian for such Beneficiary under the Uniform Gift to Minors Act or Gift to Minors Act, if such is permitted by the laws of the state in which said Beneficiary resides.

Guest MEWilson
Posted

Thank you all. I appreciate your response.

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