IRA Tragedies: 4 Cases Show The Pain Caused By Overlooking Simple Details [Forbes]
Procter & Gamble Company (The) (PG)
Last procter & gamble company (the) earnings: 4/17 07:00 am
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books.google.com/books?id=aexhaqaamaaj&pg=pa16&lpg=pa16&dq=procter&source=bl&ots=witqaxmcbj&sig=yefujjjefltpikvzozfmmn3m0lc&hl=en&sa=x&ved=0ahukewjfhrsepa7zahxeufkkhcszbvmq6aeijzaa
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Source: Forbes
A review of some recent court cases brings the points home. The newest case involved the 401(k) of the late Jeffrey Rolison, who had worked at Procter & Gamble for more than 30 years and accumulated a 401(k) balance exceeding $754,000. When he enrolled in the 401(k) in 1987, Rolison named as sole beneficiary his live-in girlfriend. They broke up two years later. From 2002-2014, Rolison had a non-marital relationship with a female co-worker and named her beneficiary of his life insurance and health benefits but never named her beneficiary of the 401(k). Rolison died in 2015. The girlfriend from 1987 still was listed as sole beneficiary and was alive, so the 401(k) administrator paid the account balance to her. Rolison's brothers sued as co-executors of his estate, claiming the benefits should be paid to the estate. The second girlfriend also sued, saying her status as beneficiary of the life insurance and health benefits indicated it was Rolison's intention that she inheri
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