Opinion
2:21-cv-01728-KJM-KJN
11-10-2021
Sarma Karsiere, Plaintiff, v. Variable Annuity Life Ins. Co. et al., Defendants.
ORDER
In this case regarding beneficial interests of a deferred annuity contract, defendant/counterclaim plaintiff Variable Annuity Life Insurance Company (VALIC) moves for leave to retain the annuity subject to a legal hold or, in the alternative, to deposit funds. Mot., ECF No. 3. Counterclaim defendants Brian Heilman and Karen Bearson filed separate statements of non-opposition. ECF Nos. 12 & 13. Good cause appearing, the court takes the matter under submission and grants the motion.
On September 22, 2021, VALIC filed its counterclaim for interpleader relief. Mot. ¶ 1. VALIC claims no title or interest in the annuity and is ready and willing to pay the funds in the annuity to the proper beneficiary. Id. ¶ 2.
Accordingly, the court grants VALIC leave to retain and administer the annuity contract number 2551480, held by the decedent, Robert J. Heilman, until the court issues an order identifying the proper beneficiary at issue in this action for disbursement of the funds. As of September 22, 2021, the account value of the annuity was approximately $87,130.67.
IT IS SO ORDERED.
This order resolves ECF No. 3.