Who will become the beneficiary of my son's individual retirement account? 6 Answers as of November 10, 2017

My son set up 5 IRA's over the years with his parents being the beneficiary. He has now gotten married. If he gets divorced, is his ex spouse entitled to any of the money in the IRA's?

Ask a Local Attorney. 100% Anonymous. Free Answers.

Free Case Evaluation by a Local Lawyer: Click here
Law Office of Robert E McCall | Robert McCall
As to an IRA started Pre-Marriage the Wife will have a limited interest, usually a percentage of? the amount earned by the account while the parties were married.
Answer Applies to: Florida
Replied: 11/10/2017
Law Office of John G. Galasso | John George Galasso
The assigned beneficiaries are entitled to inherit. He would need to have changed the beneficiaries for her to get anything.
Answer Applies to: Ohio
Replied: 11/9/2017
Kiske Law Office, LLC | Anne Kiske
A beneficiary designation, under a written instrument or law, that authorizes a transfer of property pursuant to a written designation of beneficiary, transfers the right to receive the property to the designated beneficiary who survives, effective on death of the owner, if the beneficiary designation is executed and delivered in proper form to the transferring entity prior to the death of the owner. Generally, Beneficiary designations override a will. Typically, unless a person changes who the beneficiary is, the beneficiary is still the person who was named at the time regardless of who enters one's life. Communication of information by, in, to or through this Web site and your receipt or use of it (1) is not provided in the course of and does not create or constitute an attorney-client relationship, (2) is not intended as a solicitation, (3) is not intended to convey or constitute legal advice, and (4) is not a substitute for obtaining legal advice from a qualified attorney. You should not act upon any such information without first seeking qualified professional counsel on your specific matter. The hiring of an attorney is an important decision that should not be based solely upon Web site communications or advertisements.
Answer Applies to: Missouri
Replied: 11/9/2017
Law Offices of Helene Ellenbogen, P.S.H | Helene Ellenbogen
Depending when they were purchased she is entitled to a portion of what was earned during the marriage. It doesn't matter who is named as the beneficiary as long as he is alive as that can be changed at any time. Anything earned by either him or his wife during the marriage is community property, regardless of who earned it, unless they had a prenuptial agreement to the contrary.
Answer Applies to: Washington
Replied: 11/9/2017
DEAN T. JENNINGS, P.C. | Dean T Jennings
His spouse may be entitled to some share of the IRA depending on several factors, including how long they have been married, the overall property settlement between them, relative values of each their own retirement (pension, IRA) plans, etc. He can leave his parents as beneficiaries but the marital assets include the IRA.
Answer Applies to: Iowa
Replied: 11/9/2017
    Richard B. Jacobson & Associates, LLC | Richard B. Jacobson
    Generally he can change the beneficiary if he wishes. However, in the course of a divorce in a community property state such as Wisconsin, the IRA-or any similar account-will usually be divided, either by the divorcing spouses through an agreement, or else by the Court.
    Answer Applies to: Wisconsin
    Replied: 11/9/2017
Click to View More Answers: