Legal Question in Wills and Trusts in Oregon
pension
This is a what-if question I've been trying to have answered. Say a man has 1 million in his company-run pension fund. He is killed along with his wife, 2 children & his parents( she has none). There are no living relatives whatsoever. Who would get that 1 million dollars? And if possible, how would it be divided? Thank you.
Asked on 9/04/02, 10:32 am
2 Answers from Attorneys
Gregg Manes
Gregg A. Manes, Esq.
Re: pension
While the money may ultimately go to the state, the money passes intestate through the owner of the fund. It sounds like they may go to the husbands siblings or cousins etc.
I would imagine that relatives will pop up all over for a million dollars.
Gregg Manes
Answered on 9/08/02, 8:03 pm
Tom Turnbull
tomturnbull.com
Re: pension
Ultimately, the property would "escheat" to the state
Answered on 9/04/02, 1:07 pm