Solo 401k Beneficiary Designation Form – Storage & Non-US Citizen

I am working with my estate planning attorney to set up my will/trusts and have filled out the designated beneficiary form for my self-directed Solo 401k. 

QUESTIONS:

  • Where do I keep the Solo 401k beneficiary election form?  Do I send you a copy or do I just keep it with my trust and will documents?
  • My step-daughter who is one of the beneficiaries is not a US citizen and does not have a US SSN?  Does she need one in order to receive the assets of the trust after I die? 

ANSWERS:

  1. Please be sure to safeguard a copy with your other estate documents and provide a copy to your estate planning advisor as well as provide us a copy for our records.
  2. You can certainly name a non-US citizen without an SSN as your beneficiary.

Learn More about the importance of completing the Beneficiary Designation Form for your Solo 401k.

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About George Blower

I have the privilege of educating our clients about our products and services so that they can make informed and confident decisions about their financial future. Prior to joining My Solo 401k Financial, I served as the general counsel for a subsidiary of a Fortune 500 financial services company. Learn more about George Blower and My Solo 401k Financial >>

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