QUESTION

Can you contest a beneficiary in 401k?

Asked on Jun 06th, 2014 on Estate Planning - Illinois
More details to this question:
Partner vs children?
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1 ANSWER

Commercial Attorney serving Chicago, IL at Ashcraft & Ashcraft, Ltd.
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The only way to contest the beneficial designation is to show that the owner did not have capacity to understand the extent of his assets, who are his or her natural beneficiaries, and how the disposition works into his or her estate plan. Proof of coercion or duress can also void a disposition.
Answered on Jun 10th, 2014 at 7:01 PM

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