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Vt. — Patricia Hayes v. Allison Hayes, Brian Hayes and LPL Financial, LLC

Citation
Vt. — Patricia Hayes v. Allison Hayes, Brian Hayes and LPL Financial, LLC
Jurisdiction
Vermont (state)
Source
Official source

Full Text

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NOTICE: This opinion is subject to motions for reargument under V.R.A.P. 40 as well as formal
revision before publication in the Vermont Reports. Readers are requested to notify the Reporter
of Decisions by email at: JUD.Reporter@vermont.gov or by mail at: Vermont Supreme Court, 109
State Street, Montpelier, Vermont 05609-0801, of any errors in order that corrections may be made
before this opinion goes to press.

2018 VT 102

No. 2018-021

Patricia Hayes Supreme Court

On Appeal from
v. Superior Court, Addison Unit,
Civil Division

Allison Hayes, Brian Hayes and May Term, 2018
LPL Financial, LLC

Helen M. Toor, J.

Michele B. Patton and James W. Swift of Langrock Sperry & Wool, LLP, Middlebury, for
Plaintiff-Appellant.

Joan W. D. Donahue of Brennan Punderson & Donahue, PLLC, Middlebury, for
Defendants-Appellees Allison Hayes and Brian Hayes.

PRESENT: Reiber, C.J., Skoglund, Robinson and Carroll, JJ., and Davenport, Supr. J. (Ret.),
Specially Assigned

¶ 1. CARROLL, J. This case involves a dispute over a husband’s designation of his

niece and nephew, defendants Allison Hayes and Brian Hayes, as the beneficiaries of his

Individual Retirement Account (IRA) rather than his wife, plaintiff Patricia Hayes. Husband is

now deceased. Wife filed a declaratory judgment action, arguing that the beneficiary designation

should be declared void under 14 V.S.A. § 321 and that the IRA funds should pass through

husband’s estate. The trial court granted summary judgment to defendants, concluding for several

reasons that wife was not entitled to relief under § 321. We agree with the trial court that § 321
does not apply here because wife took under husband’s will rather than electing her statutory share

of his estate. We therefore affirm.