If your spouse is the named beneficiary of your IRA and you later divorce, you should give some consideration to changing the beneficiary of your retirement accounts. If the thought of your “ex” spending your retirement account on a romantic trip to Hawaii after your demise doesn’t bother you, then leave it be. However, you might want to consider who you really want to have these funds after you are gone.
/posted by Billy Upchurch, CPA/ABV/CFF, CFE, CVA
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