My dad was a California resident, and died unexpectedly, but he left a handwritten Will leaving 100% of his estate to his four children. He had a surviving spouse, so I'm assuming his estate will only consist of his 50% interest in the community property (which I think pretty much applies to all of it). He also tried to leave 100% of his 401K to his four children, but from what I understand, 401Ks are not generally probated. Will the value of the 401K be shown in probate, effectively giving the children the value of the 401K, or are the kids just out of luck? In other words, will the children receive the value of the 401K money even though the actual 401K is not transferred to them?
2007-06-02
06:12:44
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4 answers
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Anonymous