If a retirement account has no beneficiary, who gets paid? | NC

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Q: If the retirement account is not payable to a beneficiary, how does the benefit get handled through probate and who has authority to request the payout? A: When a retirement plan has no living payable beneficiary on file, the plan will usually pay the death benefit to the decedent’s legal representative. In probate terms, that means the court-appointed personal representative of the estate—an…