QUESTION
My mom died when I was underage an put her sister on her 401k plan but said if she died make sure the money goes to us.
Asked on Dec 25th, 2013 on Trusts and Estates - California
More details to this question:
We are now of age an had asked her sister an her sister said they used it all for the funeral. But we think otherwise.
1 ANSWER
Taxation Attorney serving Santa Monica, CA
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Unfortunately, what your mother did in writing (designate her sister as death beneficiary of the account) is legally enforceable - what she told someone (who?) she wanted is not. Your aunt can keep the benefits.
Answered on Dec 26th, 2013 at 3:17 PM