How can I show a potential distribution to a non-spouse beneficiary in a 401(k) account?
I am setting up a profile for a client where both the husband and wife have 401(k)accounts. It is a second marriage for both and they each name the other as beneficiary for 50% of their 401(k) accounts. The other 50% of each account goes to children from their first marriages. The amount paid to the children will vary as the value of the 401(k) account changes and there may never be a payment if the the total account(s) are consumed while the husband and wife are still alive. I have entered 50% of the current value as a special bequest in the estate entry screen but that does not account for the changing value so the report values for future years will be incorrect. I think it also affects the life insurance recommendation.
Any suggestions would be appreciated.