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 as a condition of receiving your share of the estate. It is fairly common practice, however, for companies to seek a release before a payment is made. This is usually done when the estate is still open and specified amounts of money or items of property are being distributed to estate beneficiaries.
The release is likely just a formality/technicality required by company policy. If there is misconduct/wrongdoing discovered, a waiver of liability won’t cover intentional wrongdoing. If you have questions about whether the union has handled their duties and the assets of the estate(s) properly, we would recommend that you seek legal counsel before you sign a 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.
