Guest CMYoung Posted June 11, 1999 Posted June 11, 1999 Can a divorced participant with 3 underage children name an Institute as beneficiary?
Guest P A Weick Posted June 11, 1999 Posted June 11, 1999 The participant could but the Institute would probably not be a "Designated Beneficiary" as defined in tax law, and thus some ability to reduce income taxes would be lost. The participant should seek good tax and legal counsel before doing this. ------------------
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