Legal Question in Wills and Trusts in California
WWhat happens when someone has a 10 year certain retirement plan and passes away after it expires who gets the rest of the pension
Asked on 5/08/15, 3:14 pm
1 Answer from Attorneys
Len Tillem
Tillem McNichol & Brown
It would go to the designated beneficiary, if there is one. If there is no designated beneficiary then it passes to the default beneficiary, which is likely to be the decedent's estate but the contract could name a default beneficiary such as spouse, children, etc., depending on the terms of the contract.
Answered on 5/08/15, 3:29 pm