Can a spouse be a beneficiary?

A spouse always receives half the assets of an ERISA-governed account unless he or she has completed a Spousal Waiver and another person or entity (such as an estate or trust) is listed as a beneficiary. A spouse can forgo his or her right to 50 percent of the account by properly executing a Spousal Waiver.

Does your spouse have to be the beneficiary on your 401k?

If you are married, federal law says your spouse* is automatically the beneficiary of your 401k or other pension plan, period. You should still fill out the beneficiary form with your spouse’s name, for the record. If you want to name a beneficiary who is someone other than your spouse, your spouse must sign a waiver.

Who is the principal beneficiary of a trust?

the Principal Beneficiary means the person named in these terms of trust as the principal beneficiary and who fulfils the requirements set out in section 1209M of the Social Security Act or 52ZZZWA of the Veterans’ Entitlements Act.

Who are the brokers for principal life insurance?

Securities offered through Principal Securities, Inc., 800-247-1737, member SIPC and/or independent broker/dealers. Principal National, Principal Life, and Principal Securities are members of the Principal Financial Group ®, Des Moines, IA 50392.

Who is the principal beneficiary of section 1209m?

the Principal Beneficiary definition the Principal Beneficiary means the person named in these terms of trust as the Principal Beneficiary and who fulfils the requirements set out in section 1209M of the Social Security Act or 52ZZZWA of the Veterans’ Entitlements Act. Sample 1 Sample 2

Who is the owner of Principal Financial Group?

Principal, Principal and symbol design, and Principal Financial Group are trademarks and service marks of Principal Financial Services, Inc., a member of the Principal Financial Group. Investment advisory products offered through Principal Advised Services, LLC, Des Moines, IA 50392.