by Guest » Sat Dec 28, 2013 02:22 am
I am the executor of my fathers will. He has a Annunity . He has left me with debt . His Annunity is direct deposited into a joint checking account with me. My issue is the Annunity has my other brother also listed as a benificary. My brither does not know this exist. Can I just let the monthly income in until I pay all of the bills?
Posted: Sun Dec 29, 2013 02:00 am Post Subject:
Can I just let the monthly income in until I pay all of the bills?
LOLAnnuity income normally ends when a person dies, unless they have elected a minimum guarantee or refund settlement option.
Insurance companies use the Social Security Death Master Index to discover which annuitants are dead and should no longer be receiving payments. Payments received after a person has dies must be repaid to the insurance company, so allowing payments into a bank account of a deceased person and using that money to pay debts will only cause more trouble in the long run.
But, do as you please. Your next post may come from prison.
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