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« Can My Creditors Seize My Daughter's Trust Account? | Main | Transferring Part of an Inherited IRA to a New Provider? Do It Very Carefully! »

03/22/2010

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I need to know in case of my husband's death do I automatically inherit his 401(K) retirement accounts?

Lynn replies:

Yes, assuming you haven't signed a statement waiving your right to the accounts. By federal law, a person's spouse is entitled to inherit his or her 401(k) accounts.

There's no such rule for IRAs, which aren't governed by that law.

For more information, see my January 23, 2012 post 'Can My Husband Get My 401(k)Plan?', among others.

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