Legal Question in Wills and Trusts in Alabama
After an insurance company receives paperwork for an annuity to be paid to a trust after a person's death. How long before that money is available?
Asked on 4/18/10, 11:24 pm
1 Answer from Attorneys
James Coleman
Murchison & Howard, LLC
They must pay in a reasonable time, I would say 30 days is reasonable if the paperwork is in order. They can't unreasonably withold the money. If they do, get a lawyer and lean on them.
Answered on 4/25/10, 8:18 am