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Guest ngresham
Posted

Is there any special considerations when paying a death benefit to a minor? Can the check be made out to them or does it need to be made out to their parent/guardian?

Posted

Good question. There have been some earlier discussion threads on this topic. I suggest you click "search" (see the top of this page) and search using the word "minor".

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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