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Posted

Participant A passed away. His beneficiary is nephew B, who happens to be 8 years old. Father C is the father of participant A and has custody of nephew B.

I would expect that the distribution form would be send to Father C who would take the distribution on behalf of nephew B. Is that correct?

Also what documentation would you recommend that we get to prove Father C has custody of nephew B?

Posted

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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