What happens to a 401k if the beneficiary is passed away and there isn't a second one

[angieo0216]

Jurisdiction

Illinois

What happens to a 401k if the beneficiary has passed away and there isn't a second one?

 

[adjusterjack]

The 401(k) becomes part of the owners estate and gets probated according to the will. If no will, then per the laws of intestacy.

 

[army judge]

The 401(k) becomes part of the owners estate and gets probated according to the will. If no will, then per the laws of intestacy.

Very true, unless the deceased had no living relatives then it escheats to the state.