Plan Participant’s Second Marriage Inadvertently Disinherits Children

Friday, June 03, 2011

By Jared Trexler

When does the beneficiary form not trump all? IRA Technical Consultant Jeffrey Levine wrote an article this week for Producer’s eSource about a court case (Cajun Industries, LLC vs. Korbert Kidder, et al.) in which a plan participant’s second marriage inadvertently disinherited the children from receiving all of the retirement account savings.

This does not apply to IRAs, but Leonard Kidder’s retirement savings were affected by the terms of his company plan.  The article goes through the facts of the case, the arguments before the court, the court’s decision and steps you can take to make sure something like this doesn’t happen to your retirement savings.

CLICK HERE to read the article.  

 

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