Hello, my husband's father passed away recently and his brother is the executor. The executor called and said that an annuity was left to my husband and he should hand it over to the estate. My husband is confused and decided to call the insurance company, they confirmed that my husband is in fact the primary beneficiary.
Since the initial call the executor has called and stated that the agent of the annuity had another benificiary form (dated 8 months old) at his office that went to all of the children. My husband called the insurance company again and they had recently received that form and said they would not honor it because my Father-in-law had passed away before the form was received.
What is going on here? Should we trust what the agent has produced? This agent happens to be the brothers agent. How long should an agent sit on a beneficiary form before he submits it? This is a fairly close family with 5 children, so if my husband keeps the money he may impact his relationship with all of his sisters and brothers. Can the other children open a lawsuit against my husband if he decides to keep it?