IRAs and spousal approval to remove her as beneficiary
[color=#0000FF]I hold several IRAs with spouse and my previous marriage-children as beneficiaries. Say 70% spouse and 30% divided between children. I have been told it is better to have an IRA for the spouse 100% and one of the other IRAs solely for the children. This stops bickering and confusion.
However, I have been told to remove the spouse from any of my IRAs as beneficiary requires she signs a spousal approval to remove her name from any IRA where she was primary beneficiary. Is this true?[/color]
Permalink Submitted by Alan Spross on Thu, 2009-10-01 02:36
Not true. The spousal waiver only applies to employer retirement plans.
Permalink Submitted by john stoddard on Thu, 2009-10-01 14:34
[quote=”[email protected]“]Not true. The spousal waiver only applies to employer retirement plans.[/quote]
[color=#4000FF]Is your statement true for all states??[/color]
Permalink Submitted by mk foss on Thu, 2009-10-01 17:43
Some custodians require a spousal consent in a community property state, but there is no federal requiremnet.