Full question:
My Brother died and the Retirement Plan, IBEW Local Union 728 Annunity Plan wants my sisters and brothers to sign a release , releasing them of any liability, before they will turn the funds over to the Estate of my Brother which I am in control of. This would complete his wishes per his will.
- Category: Wills and Estates
- Subcategory: Probate
- Date:
- State: Florida
Answer:
You cannot be forced to sign a release to receive your share of the estate. However, it is common for companies to request a release before making payments. This often happens when the estate is still open and assets are being distributed to beneficiaries. The release is likely a standard procedure required by company policy. If any misconduct is discovered, a waiver of liability will not protect against intentional wrongdoing. If you have concerns about how the union has managed the estate's assets, it’s advisable to seek legal counsel before signing any release.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.