James Collura’s father, Anthony Collura, and his ex-wife Robin Anzalone Collura, both believe that they should be the sole proprietor of his life insurance benefits and 401kplan. Now, Edward D Jones & Co, a financial institution, has filed a suit with the US District Court in the Eastern District of Louisiana in an effort to resolve the case.
In the complaint, it is alleged that James Collura worked at Stihl Southwest Inc and received a life insurance and 401k plan. After his death, benefits were allegedly given to his father who proceeded to deposit the funds from the life insurance policy into an investment account, while the proceeds of the 401k went into a rollover IRA account. Both were with Edward Jones but filed under the father’s name.
However, Edward Jones is now stating that both defendants are claiming to be the owners of both the life insurance benefits and the 401k proceeds. Both are, allegedly, denying the other access to the accounts – and so Edward Jones has asked the court to help it find a resolution given the contrasting claims.
A father and ex-wife of a deceased man look set to resolve their differences in court as an ongoing dispute over life insurance benefits rolls on.