[WSBAPT] Rescind Pension

[Chris Moore]

I had the same situation occur one time and was able to revoke the election
within 30 days.  Get right on the Administrator of the Pension to determine
the procedure, give notice of your intent, and determine who has authority
to make the revocation.  I think we had to provide Letters Testamentary.

Good Luck.



Sincerely,

*Chris J. Moore*
Christopher J. Moore, JD, CPA, AEP®, EPLS*
Creason, Moore, Dokken & Geidl, PLLC
Lawyers
1219 Idaho Street, POB 835
Lewiston, Idaho 83501-0835
Phone: 208-743-1516; Fax: 208-746-2231
Website: www.cmd-law.com

*Certified as an Estate Planning Law Specialist by the Estate Law
Specialist Board, Inc., the only estate planning certification entity
approved by both the American Bar Association and the Idaho State Bar
Association.
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*From:* wsbapt-bounces at lists.wsbarppt.com [mailto:
wsbapt-bounces at lists.wsbarppt.com] *On Behalf Of *Tara
*Sent:* Friday, January 16, 2015 10:32 AM
*To:* wsbapt at lists.wsbarppt.com
*Subject:* [WSBAPT] Rescind Pension



Client’s retired father died unexpectedly this month, having completed his
pension paperwork just a few days before his death.  He elected to receive
a greater lifetime income benefit and smaller death benefit, wife had
signed off.  The paperwork has been received by the employer, but the
pension has not been processed by the administrator and no payouts have
been made yet.



Is there any chance that the family can still rescind the setup in favor of
the greater death benefit for the surviving family?  Can an appointed PR do
it?



Tara M. Roberts

Puget Sound Law

roberts at pugetsoundlaw.com



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