The city of Wilmington, DE continued to send a woman pension benefits for two decades after she passed away.
However, for the person to stop receiving payments, whoever is sending them has to learn that the person has passed away.
A lot of money is spent trying to discover that people have passed away, so benefits will not be sent. Usually, that money is well spent and someone's death is quickly discovered.
That was not the case recently in Wilmington, DE.
There an agency hired to crosscheck various databases, failed to discover that one woman had passed away.
In fact, for nearly 20 years after her death, regular pension payments were sent to her bank account, according to Fox News in "Pension checks totaling $73G rolled in for years after woman's death."
Although it is not known if it occurred in this case, if anyone was using the money coming from those pension payments, he or she would be in big trouble.
Taking the money from pension benefits of a person you know has passed away is a serious crime, especially if those benefits are being paid by the Social Security Administration.
Despite the serious nature of the crime, it is not all that uncommon.
People who are caught committing it, in the best case scenario, will have to pay the money back and will face stiff financial fees.
For more information about estate planning in Orlando, FL (and throughout the rest of Central Florida), visit our estate planning website and be sure to subscribe to our complimentary estate planning e-newsletter while you are there.
Reference: Fox News (Sep. 2, 2017) "Pension checks totaling $73G rolled in for years after woman's death."