Estate Payment Potential Issue

[Guest mmaggs]

I think I may have a situation where we paid ongoing annuity payments directly to an executor of a deceased participant's estate under the executor's SSN.

What are the consequences and steps that can be taken to rectify this situation if this is indeed an issue?

[K2retire]

The estate should have a separate EIN, not the executor's SSN.

[Guest mmaggs]

Thanks,

What if payments were made to the executor using the deceased person's SSN?

[david rigby]

If the plan overpaid benefits, it should make an attempt to recover. There have been some previous discussion threads about this.