Confused and alone
I lost my husband of 1 1/2 years on Oct. 27 in an auto accident. His family has not been there for me and I feel so alone. He hadn't changed the beneficiaries on his 401K and savings account and the family has received the savings account but apparently because we were married I automatically became the beneficiary of his 401K. The beneficiary he designated in 2005 when he opened the account is his great niece, who is now 8 yrs old. His family feels that since he didn't change the beneficiary that I should split the account with this child.
I am alone and on disability because of medical reasons and without this money I will have nothing to fall back on in case of emergencies. I can barely pay the bills with my income.
Does anyone have any suggestions or opinions on this subject?
I'm so sorry for the loss of your husband and all that you are going through. I would say that not changing the beneficiaries on his savings and 401K accounts was an oversight on his part. I'm sure he never thought about dying so soon, but would have wanted you to have both of these accounts. I think it was horrible for his family to take that money. I would not give them one more dime. They sound like mean greedy people, and I would bet that the 8 year old would never see that money. If they have not been there for you so far, you have nothing to loose by saying no. Take care of yourself and don't give them another thought.
Wishing you peace and recovery.
I've just gone through the 401k issue. My husband did not have a beneficiary on the policy. You should contact the account manager to file claim for the 401k. You may have to prove with marriage license, death certificate and/or a Will. It took me a couple month to get it. You are the next of kin and should get it no matter what others said. It is a difficult time but look out for yourself first at this time. Only if you could spare and if they are kind to you then you may consider their request. Wish you luck and take care
Thank you so much for your reply and support. It's bad enough to be going through the loss of my husband but with no support it really is unbearable. i have decided to keep the money and distance myself from them as they keep me in an emotional turmoil all of the time.