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Participant wants hardship distribution but spouse is in jail


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Guest sheadan
Posted

Have a participant with a spouse in jail wants hardship distribution! Divorce is not on the horizon any suggestions on how to handle spousal consent? notary in jail?

Posted

Yes, I think you need to either have a notary at the jail, or alternately, a plan representative at the jail, unless parole or time off permits the spouse to execute the form outside of jail.

Jon C. Chambers

Schultz Collins Lawson Chambers, Inc.

Investment Consultants

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