Legal Question in Wills and Trusts in Texas
Pensions
My father paid into a pension plan for 31 years. After he retired,my mother signed away her right to annuity payments if he died so that he would draw more money each month. He only drew his pension for eighteen months before he dies.
My mother is now destitute and having to be moved to an assisted living community. Is the family not entitled to the money my father (his money) put into the pension fund minus whatever the company matched even though she signed away her rights to the pension?
1 Answer from Attorneys
Re: Pensions
Probably not. Your mother was the beneficiary of the annuity if your father died, but your mother signed away her rights in return for your father's additional income. Not to put too fine a point on it, but she gambled and lost.
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