If I set up a trust fund for my child( 8 ), must I name the 2nd beneficiary of my retirement accounts the trust fund or my child? My wife is 1st beneficiary.
Do beneficiaries named on life ins and 401k/IRA's take precedence over a will?
If so, how can my executor distribute my proceeds based on my will?
Thanks.
JD
Do beneficiaries named on life ins and 401k/IRA's take precedence over a will?
If so, how can my executor distribute my proceeds based on my will?
Thanks.
JD