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.  

 

Receive Ed Slott and Company Articles Straight to Your Inbox!
Enter your email address:

Delivered by FeedBurner

 

Post Views: 3
Posted in: ,

Content Citation Guidelines

Below is the required verbiage that must be added to any re-branded piece from Ed Slott and Company, LLC or IRA Help, LLC. The verbiage must be used any time you take text from a piece and put it onto your own letterhead, within your newsletter, on your website, etc. Verbiage varies based on where you’re taking the content from.

Please be advised that prior to distributing re-branded content, you must send a proof to [email protected] for approval.

For white papers/other outflow pieces:

Copyright © [year of publication], [Ed Slott and Company, LLC or IRA Help, LLC – depending on what it says on the original piece] Reprinted with permission [Ed Slott and Company, LLC or IRA Help, LLC – depending on what it says on the original piece] takes no responsibility for the current accuracy of this information.

For charts:

Copyright © [year of publication], Ed Slott and Company, LLC Reprinted with permission Ed Slott and Company, LLC takes no responsibility for the current accuracy of this information.

For Slott Report articles:

Copyright © [year of article], Ed Slott and Company, LLC Reprinted from The Slott Report, [insert date of article], with permission. [Insert article URL] Ed Slott and Company, LLC takes no responsibility for the current accuracy of this article.

Please contact Matt Smith at [email protected] or (516) 536-8282 with any questions.