Q: If my mother was the executor of a estate does she get the retirement account.
Long story short my mom was the executor of a estate and there are no other relatives of his alive and my mom has also passed. Well this company reached put to me wanting info about their client. I gave them all the legal paperwork. They told me at first I was going to get the money. Now they are saying I'm not. My mom was the executor shouldn't it come to me?
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A:
I'm sorry to hear about your situation. As the executor, your role is to manage and distribute the estate according to the will and legal guidelines. However, receiving specific assets like a retirement account depends on how the account was set up.
Retirement accounts typically pass directly to the named beneficiary, regardless of the executor's role. If your mother named someone else as the beneficiary or if there was no beneficiary designated, the account might become part of the estate and be distributed according to the will or state laws.
It's important to review the beneficiary designation on the retirement account and consult with an estate attorney to understand your rights and options. They can help clarify why the company changed their decision and guide you on the next steps to take to resolve the issue.
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