Guest jfreeborn Posted March 3, 2011 Posted March 3, 2011 Does anyone know if there are rules about whether a trust or estate can be designated to receive a lump sum death benefit from a defined benefit plan? If there aren't specific rules, is this very common?
SoCalActuary Posted March 3, 2011 Posted March 3, 2011 If there are spousal rights to worry about, you should be able to do so.
david rigby Posted March 4, 2011 Posted March 4, 2011 I've seen several documents that define a LS death benefit when there is no spouse, and simultaneously define the beneficiary as the estate. 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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