Legal Question in Business Law in Oregon

Pension Plan Life Insurance
My father, a Psychiatrist (PC) and now deceased, had a personal pension plan in the 1970's, of which he was the sole beneficiary and presumably the sole trustee. He had a life insurance contract in the pension plan that was the only remaining plan asset at his death. The plan paperwork was discarded or lost long ago, and his accountant and lawyer claim they know nothing about it.
The life insurance beneficiary is for some reason the ''pension plan of Dr. Carlton--name removed-- and the insurance company is obliged to write the check in that manner. What do we do since there is no pension plan active that we know of, nor can my mother as executrix, endorse for the pension plan. Must we establish a new plan and paperwork for such and then take a lump sum distribution from the plan? Are the funds taxable in that case?

Thank you,

--name removed--C. Blake

Asked on 12/14/02, 9:44 am

Jonathan J. Braverman Jonathan J. Braverman, Attorney & Mediator

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Re: Pension Plan Life Insurance

I would need to see the documents in your possession, and meet with you, before I could give you any definitive advice.

You may also wish to ask the attorney who is representing the estate for an opinion.

If you wish to discuss this with me privately, please call to schedule a confidential consultation.

I practice in NYC and Long Island.

Answered on 12/14/02, 11:59 am

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