My late husband has a Contract value payment payed out every year for 3 more years of $100,000 per year, he passed away in December and I ha...

Question

My late husband has a Contract value payment payed out every year for 3 more years of $100,000 per year, he passed away in December and I have fulfilled all the requirements to the Company: death certificate, copy of our Trust, Indemnity Hold Harmless (notarized) and Our Trust EIN. This payment is always payed every year in January, we are now entering the end of March (no check yet)and I would like to know if I am entitled to interest on this money as they have dragged this out forgetting each step of the process along the way when the could have asked for everything at one time and its taken them since Janaury until now to ask for my EIN to process the check.

Answer

Your lawyer should send them a letter demanding full payment plus interest.

Answer

At present, the most you'd be entitled to (absent a contract provision calling for more) would be around $2,400. That's certainly not worth a Superior Court lawsuit, but if you are up to it, you could consider a Small Claims suit. The payor will probably have some defenses.

Answer

I do investment law and securities claims. Please send me an email with some facts. You may take a look at my website for more info.

Best,

Daniel Bakondi, Esq.

[email protected]/* */

415-450-0424

The Law Office of Daniel Bakondi, APLC

870 Market Street, Suite 1161

San Francisco CA 94102

http://www.danielbakondi.com

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