by Guest » Fri Jan 23, 2009 01:31 am
Hi,
My sister in-laws husband just died and his life insurance beneficiary is his ex-wife. He changed it to his ex-wife 4 years ago when he was upset at his wife. My concern is that his wife and 10 year old child are getting stuck with his debt and the burial expenses. Is this disputable or would it be a waste of time to fight? Oh yeah, he also has 3 children with his ex-wife but the youngest is 26, if that makes a difference. I always thought it went directly to the spouse and children first. Any help would be appreciated.
Thanks
My sister in-laws husband just died and his life insurance beneficiary is his ex-wife. He changed it to his ex-wife 4 years ago when he was upset at his wife. My concern is that his wife and 10 year old child are getting stuck with his debt and the burial expenses. Is this disputable or would it be a waste of time to fight? Oh yeah, he also has 3 children with his ex-wife but the youngest is 26, if that makes a difference. I always thought it went directly to the spouse and children first. Any help would be appreciated.
Thanks
Posted: Tue Mar 31, 2009 06:40 am Post Subject:
OP, Chris is absolutely right regarding the credit card debts. However, the mortgage and other secured debts may still need payments but the un-secured loans which belong to the deceased only, won't become a liability to the family. The exceptions are the community property states in which the spouse would become accountable for all the debts accumulated by he deceased during their marriage.
Regards,
Posted: Fri Apr 03, 2009 02:30 pm Post Subject: life insuranses
life insuranses is super important to all people
Posted: Fri Apr 03, 2009 02:32 pm Post Subject: how to use it?
how to use it this insuranses?
Posted: Sat Apr 04, 2009 11:02 am Post Subject: insurance
[/quote]My husband put me as his beneficiary but I have recently learned that a week after naming me, he named his son as sole beneficiary. However he continues to lead me to believe that I am the sole beneficiary[quote] How did you find this out? From some 'personal experiences' with Life Insurance Beneficiaries, you can't have the Beneficiary changed, once it is in place. Yes...you CAN dispute it, ..however, it really won't do you any good. Have you spoken to the son?..maybe you can get something 'resolved' that way. Just trying to make suggestions.
Posted: Sat Apr 04, 2009 11:06 am Post Subject: insurance
.............(din't do the above "quote" correctly...but, I think ya' all get the drift.........SORRY).
Posted: Sun Apr 05, 2009 01:07 pm Post Subject:
SD, I can not see your question at all. The only thing is the sublect of insurance. You may want to reask.
Posted: Sun Apr 05, 2009 07:43 pm Post Subject:
The owner of the policy has the right to change the beneficiary at any time.
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