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Bank Account Beneficiary: What It Means and How It Works

Want to make things easier for your loved ones? Find out how naming a bank account beneficiary can simplify the access to your funds after you’re gone.

Choose a Beneficiary for Your Estate Plan: It's Not 'Duck, Duck, Goose'

Choosing a beneficiary for your 401(k), insurance policy or similar assets is crucial for estate planning. Here is how to do ...
MarketWatch

What Is a Bank Account Beneficiary?

Adam B. Frankel is a personal finance writer and financial adviser with over 30 years of experience. When he’s not managing money in the stock market, he teaches financial topics and other core ...

My sister died and left me as the beneficiary on her 401(k). I could really use the cash — but should I let this nest egg mature or crack into it now?

Liam generally has 10 years from the date of his sister’s death to fully withdraw the funds from the inherited 401 (k), once ...
Healthline

What Is the Beneficiary Notice Code (BNC)?

Historically, Social Security numbers (SSNs) have been used as an identifying number for the Social Security Administration (SSA), Medicare, and other organizations. But in recent years, concerns have ...
Morningstar

Inheriting an IRA Through an Estate

If an IRA is inherited through an estate, the distribution rules for the estate apply, even if the IRA is later transferred to a person. Distribution rules depend on whether the IRA owner died before ...