Can I leave half my estate to my husband and half to my dauther in Texas?
I live in Texas and just retired from AT&T. I have a 401k and a lump some buyout.if I but IRA's ,can I leave half to my husband and half to my daughter? I want to leave my only child some of my money and I was told in Texas I have to leave everything to my husband..He has no problem with this but I do...
You are free to designate your daughter as an additional beneficiary on your IRA account. However, because Texas is a community property state, most institutions will require that your husband sign a document acknowledging this. It's a simple form, which should be available fro the IRA administrators.
If your husband is not willing to sign such a document "“ I'm sorry, I was a wee bit muzzy about that "“ you could opt instead to write a trust that specifies your daughter should get half those funds at your death, rather than naming your husband and daughter as joint beneficiaries.