Do IRA monies go into the estate account?

William R. Pelger's Wills and Probate Legal Blogs

Licensed for 30 years

Attorney in Munhall, PA

William R. Pelger

Free initial consultation, Credit cards accepted, Fixed hourly rates

Serving Munhall, PA

  • Serving Munhall, PA

  • Free initial consultation, Credit cards accepted, Fixed hourly rates

Attorney at firm Pelger Law

Serving Munhall, PA

Free initial consultation, Credit cards accepted, Fixed hourly rates

Q.        Can an estate administrator defraud a sole beneficiary of an IRA account that mom left her by telling her that monies HAVE to go into the estate account? The beneficiary can prove she’s sole beneficiary of the account and can prove the administrator told her it had to go into estate. Can administrator use the “I didn’t know it didn’t need to go through estate” as a defense? Is ignorance a defense? Or, isn’t that her fiduciary responsibility as administrator to KNOW what accounts are placed in estate or not?

A Yes, she should know. If what you are saying is correct, the Administrator is wrong. I assume the Administrator is hacking her way through an estate without legal representation? If an attorney was representing the Administrator, this wouldn’t have happened. I find it highly unusual that a financial company would pay out a claim to and estate when there was a beneficiary listed on the IRA. You may want to hire an attorney to inquire and/or file a petition for a court accounting.

ESTATE, ADMINSITRATION, IRA, BENEFICIARY, ESTATE ACCOUNT

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