Q: I want to keep things simple. Can I leave my 401K to my kids and our house to my wife?
— Clean and Simple
A: Dear Clean and Simple,
By law, your spouse is entitled to 50% of your 401K, even if they aren't a named beneficiary. If you want to change this, your spouse will need to sign a Spousal Waiver or you’ll need to rollover your 401K into an IRA.