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Has anyone experienced how it works in practice if a grandparent nominates a minor grandchild as a beneficiary on their RA and then passes away?
I understand that trustees have the final decision on who the dependents are for purposes of distributing death benefits, but let’s say there is no direct dependent: no spouse, children are grown, no special circumstances.
So, will trustees honour the nomination?
And then, where will they pay the funds? Direct to the guardian (parent) or to some…