When information relating to a person’s estate has not been updated, it is not uncommon for conflict to result. Some individuals may find themselves in probate litigation as they fight for the outcomes they believe best suit the situation. Unfortunately, this type of action can be cumbersome.
Texas readers may be interested in an estate dispute currently underway in another state. According to reports, the executrix of an estate is attempting to have the beneficiary designation of the decedent’s retirement account changed. Apparently, a beneficiary designation had been made in 1997 that left the account to the decedent’s sister. However, a will created in 2015 stated that his residence should be left to his wife and that all other assets of the estate should go to the executrix, a woman who is not his wife.
The executrix is attempting to have the retirement account transferred to her. It was noted that Morgan Stanley, the holder of the account, has not distributed the assets to either party. Additional information about the case may be reported at a later time as it moves forward.
As this case shows, outdated and conflicting information can cause a considerable amount of confusion for those left to settle an estate. If answers are not easily found, probate litigation may result in order to gain an official ruling on disputes. If Texas residents believe that there are issues with a remaining estate or its assets, they may want to look into their options for seeking the answers they desire.