document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright Estate & Probate Legal Group 2023. Select 'Beneficiaries' from the drop down menu. Also known as a Longevity Annuity, Delayed . Planning is even more crucial due to the special rules associated with retirement accounts, such as IRAs and 401 (k)s. Retirement assets generally transfer directly to properly designated beneficiaries without passing through probate. Meet with an estate planning attorney to help you prepare for the unknown and the unexpected. State . The 1957 Survivor Benefit is a monthly allowance to an eligible surviving spouse, registered domestic partner, or minor child equal to half of the highest service retirement benefit payable had the member retired on the date of death.A minor child is eligible for this benefit until they reach 18 years old or marry, whichever comes first. A beneficiary is generally any person or entity the account owner chooses to receive the benefits of a retirement account or an IRA after they die. Dont Miss: Retirement Gift Ideas For Female Coworker. Such plans are commonly referred to as Non-ERISA plans.