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Can you find out when, why, and how much a deceased relative withdrew from their 401(k)?

Can you find out when, why, and how much a deceased relative withdrew from their 401(k)?

401(k), End of Life
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June 2018

As my colleagues mentioned, there are privacy laws which limit the amount of information a firm can provide. While the first thought is, "Well, Tony is dead, what does he care?" there could be reasons Tony's estate or other family members may not want that information disclosed. 

If you suspect elder abuse (It may be an incorrect assumption, but I assume the relative was over 59-1/2) or some other fraud perpetrated on your relative it may be possible to obtain a court order to have the information released. However, the records will only show when, to whom, and the amount dispersed. The 'why' will be left to your imagination or further investigation. However, even if you suspect something like this, and ask for an investigation, you may not be entitled to the results of the enquiry. 

On the surface, this is not a financial question, rather it is a legal one. If you believe you have a right to the information but are being blocked, you may need to seek an attorney to help you. If you feel some sort of fraud or elder abuse evident, you will need an attorney. Regardless of your reasons, seek out a competent atorney to help you determine if you have any options in this situation. Many of us are not atorneys and I doubt even a good attorney can give you advice based on a one sentence description.

June 2018
June 2018