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11-12-2008, 11:46 AM
| | Junior Member | | Join Date: May 2006
Posts: 11
| | | Pension without Beneficiary
What is the name of your state (only U.S. law)? NY
My mother recently passed and just started collecting her pension from her nurse's union. (She retired in July of this year). She did not name a beneficiary on her pension. My understanding is that it will then go to her estate and be distributed according to the will. Is this correct?
Thanks for any help! |
11-12-2008, 11:58 AM
| | Senior Member | | Join Date: Mar 2006
Posts: 5,018
| | | It depends on the type of pension.
__________________
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--W. T. Pooh (aka A. A. Milne) |
11-12-2008, 01:46 PM
| | Member | | Join Date: Mar 2002 Location: oregon
Posts: 667
| | | bca,
You need to open up communication with the pension personnel. |
11-12-2008, 02:10 PM
| | Junior Member | | Join Date: May 2006
Posts: 11
| | | Thanks! I actually went by there this morning and this unfriendly woman said there was nothing they could do. I figure I'll ask my lawyer on Friday when I meet with him. Thanks for the help! |
11-12-2008, 02:15 PM
| | Member | | Join Date: Mar 2002 Location: oregon
Posts: 667
| | | lxa,
When you asked where the pension assets would go? What did she say? |
11-13-2008, 05:09 AM
| | Senior Member | | Join Date: Feb 2007
Posts: 5,487
| | | I believe you are correct (it's part of the estate). The terms of the pension (as others have stated) will indicate what survivor's benefit (if any) there is. This should be handled when the will is probated. The pension administrator is under no obligation (and probably well advised not to) deal with anybody other than the designated executor/representative of the estate. | |
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