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Q: What happens to a 401k pension when a person dies?
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When a person dies can creditors get to 401K if a beneficiary has been designated?

no


What happens to your dads 401k if he dies?

The 401k passes intact to his heirs, with the same penalties if they are not of age (59 1.2) to withdraw it as cash. He can allocate it to specific beneficiaries or describe the distribution in his will.


Is pension give only for a fixed or limited period?

Pensions can be provided for a fixed or limited period depending on the terms of the pension plan. Some pensions provide payments for a specific number of years, while others may continue for the lifetime of the beneficiary. It ultimately depends on the specific details outlined in the pension plan.


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Is the husband's signature needed to draw money from the wife's retirement pension plan?

If it is a defined pension plan where you get a monthly amount no. But the spouse is entitled to half of it or more when the prinary person of the plan dies. Unless they signed offon the pension survivor benefits.


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