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Pension Funds/IRAs question

A

Alatariel

Member
Hello all!

I just got a new job and I'm filling out all of my paperwork to set up my benefits - one of which is a pension fund. What I am concerned about is who to list as a contingent beneficiary. Specifically, I want to know what happens to the money if something happens to me and my kids and I do not have anyone specified?

Any help is appreciated!

- Alatariel
 
Originally posted by: Alatariel
Hello all!

I just got a new job and I'm filling out all of my paperwork to set up my benefits - one of which is a pension fund. What I am concerned about is who to list as a contingent beneficiary. Specifically, I want to know what happens to the money if something happens to me and my kids and I do not have anyone specified?

Any help is appreciated!

- Alatariel
Click to expand...

#1 Spouse
#2 Kids
#3 Family

The money would go unclaimed unless a blood relative came to claim it.
 
If you die and no one is singled out, then it becomes part of your estate which is subject to the state probate laws.
 
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