(Download) "Lyman Lumber Co. v. Hill" by United States Court of Appeals for the Eighth Circuit " eBook PDF Kindle ePub Free
eBook details
- Title: Lyman Lumber Co. v. Hill
- Author : United States Court of Appeals for the Eighth Circuit
- Release Date : January 14, 1989
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 53 KB
Description
WOLLMAN, Circuit Judge On April 18, 1978, Jeffrey Hill designated his wife, Colleen, as his primary beneficiary under the
Lyman Lumber and Affiliated Companies Profit Sharing Plan (Plan). He named as contingent beneficiaries his parents, E. John
and Cassie Hill, and his brother, Seth Hill. Jeffrey and Colleen were divorced on June 20, 1983. The divorce decree stated
that Jeffrey "shall have as his own, free of any interest of [Colleen], his interest in the profit-sharing plan of his employer
* * *." Jeffrey died on December 15, 1984, without having changed his Plan beneficiary designation after the divorce. On July 3, 1986, the Plan trustees informed Colleen that they had decided to distribute the Plan benefits to the contingent
beneficiaries. They advised her that she could appeal the decision and asked her to indicate whether she accepted the trustees'
determination that she was not entitled to the Plan benefits. On July 9, 1986, Colleen indicated that she accepted the trustees'
determination. On October 10, 1986, before the trustees distributed the benefits, Colleen revoked her waiver of rights to
the benefits. Faced with conflicting claims, the trustees were uncertain as to the proper party or parties to whom the benefits
should be paid. They therefore filed an interpleader action in the district court and deposited the benefits with the court.