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