Reported 2 days ago
If a married participant of a 401(k) has designated their spouse as the beneficiary, that spouse remains the automatic primary beneficiary unless changed. This means that even in the event of remarriage, the former spouse would still inherit unless a new beneficiary form is filed. Additionally, while IRAs have different rules regarding beneficiaries not requiring spousal consent, forgetting to update beneficiary forms can lead to unintended consequences for the account holder’s heirs, emphasizing the importance of keeping such records current.
Source: YAHOO