Legal Question in Wills and Trusts in Massachusetts

Administratrix

Does an aministratrix have to divide 401-k

money equally amongst other people in family


Asked on 3/22/99, 8:38 pm

2 Answers from Attorneys
Stuart Williams

Re: Administratrix

Are you satisfied on this point? Let me know if you need help and either I will be able to help you or I will be able to refer you to someone who will.

Stu Williams, (617)527-0050.

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Answered on 8/01/99, 2:13 pm
Alan Pransky Law Office of Alan J. Pransky

Re: Administratrix

If the 401K has a death benefit, then the death beneficiary gets the money. It is their

money

and not subject to the laws of intestacy. If there is no death beneficiary, then the

asset is part

of the probate estate. As such, it must be subject to the creditors of the estate and

then is

subject to division among all of the heirs.

Alan Pransky

Law Office of Alan J. Pransky

20 Eastbrook Road


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Answered on 4/10/99, 10:16 pm


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