Legal Question in Wills and Trusts in California
Disbursement of Annuity Policy Proceeds
My ex husband who recently passed
named me as beneficiary on annuity
policy. His wife at the time of his
death submitted a claim. As
competing claimants to the policy
proceeds, what do I need to do to
make my case to receive the
proceeds without communicating
with the wife to agree on a shared
disbursement. I believe my ex
husband intended for me to receive
these proceeds. Is an interpleader
lawsuit inevitable? What words do I
use in a written or oral statement
that will assist me in being awarded
the proceeds? Thank you.
1 Answer from Attorneys
Re: Disbursement of Annuity Policy Proceeds
If you were named as the beneficiary on the policy, then they should pass to you. These are Payable on Death accounts, that is why there is a named benficiary.
If your ex had decided to change it, he was welcome to do so during the course of his lifeime.
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