Guest MEWilson Posted May 5, 2004 Posted May 5, 2004 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.
mbozek Posted May 5, 2004 Posted May 5, 2004 A guardian must be appointed by a state ct to act on their behalf. Need attoney to prepare papers. mjb
Harwood Posted May 5, 2004 Posted May 5, 2004 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.
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