Q: My mother had 5 beneficiaries on her annuity she made me power of attorney specifically to remove 3 of those beneficiari
From her annuity leaving me and my sister Do I have the power as POA to remove individuals requested by my mother She could not sign the papers herself changing beneficiary because of the coronavirus which she died from And because access to her was restricted she gave me power of attorney to take care of the removal of beneficiaries I did not add myself as a beneficiary I simply removed 3 leaving to beneficiaries me my sister now the Company holding the annuity Is not wanting to honour the change of beneficiary and POA stating That the power of attorneycannotadd themselves as A beneficiary I already waz a beneficiary I did not add myself Is there any legal records to make the company honour my mother's wishes through my POA
A: If you have not had any luck with the insurance company, your next step is to hire an estate attorney to talk to their legal department. If that does not help, then the insurance company will file most likely file an "interpleader" and turn the proceeds over to the court, to have them litigate this matter. Get an estate attorney immediately to assist you.
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