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| Wills, Trusts, Estates Wills, trusts, estates, gift tax planning, etc. |
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Jan 11th, 2007, 12:03 PM
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#1 |
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Junior Member
Last Online:
Jan 21st, 2007 06:50 PM Join Date: Jan 2007
Posts: 1
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beneficary vs inheritance
I was named sole beneficiary of my sisters 401k account. Is being name beneficary the same as inheriting? I guess my question is, is there a diffence between being name beneficiary or inheriting?
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Jan 11th, 2007, 11:32 PM
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#2 |
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Posts: n/a
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Re: beneficary vs inheritance
Yes--an insurance policy or retirement account often avoids probate
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