# Conn. Gen. Stat. § 45a-472: Sec. 45a-472. Trustee to receive proceeds of pension, retirement, death benefit and profit-sharing plans > Connecticut · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_CT_T45a_C802c_S45a-472 ## Section - **Citation:** Conn. Gen. Stat. § 45a-472 - **Heading:** Sec. 45a-472. Trustee to receive proceeds of pension, retirement, death benefit and profit-sharing plans - **Jurisdiction:** Connecticut - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Connecticut Code / Title 45a / Chapter 802c / Section 45a-472 ## Text (b) (1) Proceeds may be made payable to a trustee under a trust agreement or declaration of trust in existence on the date of such designation, and identified in such designation. Such proceeds shall be paid to such trustee and held and disposed of in accordance with the terms of such trust agreement or declaration of trust, including any written amendments thereto in existence on the date of death of the insured, employee or participant. It shall not be necessary to the validity of any such trust agreement or declaration of trust that it have a trust corpus other than the right of the trustee as beneficiary to receive such proceeds. (2) Proceeds may be made payable to a trustee of a trust to be established by will. Upon issuance of a decree qualifying a trustee so named, such proceeds shall be payable to the trustee to be held and disposed of in accordance with the terms of such will as a testamentary trust. A designation which in substance names as such beneficiary the trustee under the will of the insured, employee or participant, shall be taken to refer to the will of such person actually admitted to probate, whether executed before or after the making of such designation. (c) Such proceeds may be payable in more than one installment. If no qualified trustee claims such proceeds from the insurer or other payor within eighteen months after the death of the insured, employee or participant, or if satisfactory evidence is furnished to the insurer or other payor within such period showing that there is or will be no trustee to receive such proceeds, such proceeds shall be paid by the insurer or other payor to the personal representative or assigns of the insured, employee or participant, unless otherwise provided by agreement with the insurer or other payor during the lifetime of the insured, employee or participant. (d) Except to the extent otherwise provided by the trust agreement, declaration of trust or will, proceeds received by the trustee shall not be subject to the debts of the insured, employee or participant, to any greater extent than if such proceeds were payable to the beneficiaries named in the trust; and for all purposes, including the succession and transfer tax, they shall not be deemed payable to or for the benefit of the estate of the insured, employee or participant. (e) Proceeds so held in trust may be commingled with any other assets which may properly become part of such trust. (f) Nothing in this section shall affect the validity of any designation made prior to October 1, 1978, of the trustee of any trust established under a trust agreement or declaration of trust or by will. (g) The provisions of this section shall be applicable to decedents dying on or after October 1, 1987. ## Nearby sections - [Conn. Gen. Stat. § 45a-471 Sec. 45a-471.* (Formerly Sec. 45-213c). Trustee to receive proceeds of pension, retirement, death benefit and profit-sharing plans.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T45a_C802c_S45a-471.md) - [Conn. Gen. Stat. § 45a-472 Sec. 45a-472. Trustee to receive proceeds of pension, retirement, death benefit and profit-sharing plans.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T45a_C802c_S45a-472.md) - [Conn. Gen. Stat. § 45a-474 Sec. 45a-474. (Formerly Sec. 45-84). Vacancies in office of trustee.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T45a_C802c_S45a-474.md) - [Conn. Gen. Stat. § 45a-475 Sec. 45a-475. (Formerly Sec. 45-85). Filling of vacancy in town or county trusteeship. Duties of town's successor trustee.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T45a_C802c_S45a-475.md) - [Conn. Gen. Stat. § 45a-477 Sec. 45a-477. (Formerly Sec. 45-90). Jurisdiction of Probate Court over trusts administered outside of this state.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T45a_C802c_S45a-477.md) - [Conn. Gen. Stat. § 45a-478 Sec. 45a-478. (Formerly Sec. 45-87). Appointment of trustee when person has disappeared. Trustee's rights and duties. Procedure if person reappears.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T45a_C802c_S45a-478.md) - [Conn. Gen. Stat. § 45a-479 Sec. 45a-479. (Formerly Sec. 45-92). Suspension of fiduciary powers during armed forces service.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T45a_C802c_S45a-479.md) - [Conn. Gen. Stat. § 45a-481 Sec. 45a-481. (Formerly Sec. 45-93). Distribution by testamentary trustee upon completion of trust.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T45a_C802c_S45a-481.md) - [Conn. Gen. Stat. § 45a-485 Sec. 45a-485. Superior Court or Probate Court jurisdiction to reform instrument to ensure allowance of marital deduction.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T45a_C802c_S45a-485.md) - [Conn. Gen. Stat. § 45a-486 Sec. 45a-486. Termination of inter vivos trust when settlor or spouse is an applicant for or recipient of medical assistance.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T45a_C802c_S45a-486.md) - [Conn. Gen. Stat. § 45a-487k Sec. 45a-487k. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T45a_C802c_S45a-487k.md) - [Conn. Gen. Stat. § 45a-487l Sec. 45a-487l. Appointment of trust director by transferor.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T45a_C802c_S45a-487l.md) - [Conn. Gen. Stat. § 45a-487m Sec. 45a-487m. Qualified trustee; successor. Disposition to more than one trustee. Disposition by trustee who is not qualified.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T45a_C802c_S45a-487m.md) - [Conn. Gen. Stat. § 45a-487n Sec. 45a-487n. Irrevocability of trust instrument.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T45a_C802c_S45a-487n.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CT_T45a_C802c_S45a-472. Check the current official text before relying on it. Not legal advice.