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    kate 50's Avatar
    kate 50 Posts: 1, Reputation: 1
    New Member
     
    #1

    Jul 6, 2008, 08:09 AM
    Last will and re-marrage and 401k
    I am about re-marry and I do have a will leaving all property and acconts including my 401K to my 3 daughters with my eldest being the executor. Does this protect my 401 k or will I need to have my spouse after we are married sign a waiver?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
     
    #2

    Jul 6, 2008, 08:30 AM
    Quote Originally Posted by kate 50
    I am about re-marry and I do have a will leaving all property and acconts including my 401K to my 3 daughters with my eldest being the executor. Does this protect my 401 k or will I need to have my spouse after we are married sign a waiver?


    Spouse doesn't need to sign a waiver but depending on your State your spouse will be entitled to a dollar amount and/or percentage of your estate and an asset designated by Will can be tapped to provide that percentage if there is not enough in the estate otherwise.

    Avoid the whole problem by making your children direct beneficiaries - saves the probate process on that asset, saves on taxes, it would be passed outside the Will.
    cdad's Avatar
    cdad Posts: 12,700, Reputation: 1438
    Internet Research Expert
     
    #3

    Jul 6, 2008, 06:31 PM
    Why not give it to them now ? No I don't mean hand them a check or something but start a living revocable trust before you get married ? That way all your intentions are clear and there is no probate with a trust.

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