by Guest » Sun Nov 04, 2007 01:17 pm
My brothers 19 year old son just got killed in an auto accident. We think he had his 19 year old girlfriend ( that he planned to marry someday)as beneficiary on life ins. through his company. Can his parents think of contesting life insurance beneficiary and what are their chances?
Posted: Sat Jan 26, 2008 07:45 am Post Subject: my regards
I am going through the same thing my son committed suicide over his x and she stands to get over 400,000 life ins.
Posted: Sat Jan 26, 2008 01:26 pm Post Subject:
I'm so sorry bobbie
Posted: Mon Jan 28, 2008 08:36 pm Post Subject:
Sorry for both of your loses, hopefully you all will get these monetary issues out of the way so that you may properly grieve your lose. I am sorry that this has happen to both of you.
Posted: Mon Aug 03, 2009 12:07 pm Post Subject: Contested Beneficiary
I took care of my sister for 4 years while she was ungoing treatments for cancer> She left me her only beneificary. Her son is thinking about contesting it. Can he do this
Posted: Mon Aug 03, 2009 12:30 pm Post Subject:
Her son is thinking about contesting it. Can he do this
Yes, he can contest it but it's very very very doubtful he will be successful..so sorry about the loss of your sister.
Posted: Wed Oct 14, 2009 11:13 pm Post Subject: Living Trust
My father always favored my sister and assigned his beneficary to her as well as my mother's life Insurance. Everything is in the Living Trust that splits the estate 70% and the rest of the 30% goes to me. I was told the life Insurance goes to the Benerficary 100%. What kind of crap is this? This is greedy!
Posted: Thu Oct 15, 2009 10:40 am Post Subject:
If the trust lists how the life insurance is to be paid (in your case 70/30) then it will be..if it's not listed in the trust, then no the good sister doesn't have to pay you your 30%---for whatever reason your parents aren't comfortable making sure you get half of their assets, you'd have a better understanding why...But given the situation, sounds you ought to be happy you got anything
Posted: Thu Oct 15, 2009 12:15 pm Post Subject:
I was told the life Insurance goes to the Benerficary 100%.
Yes if it is so mentioned and if there is only one beneficiary or a primary and a secondary beneficiary. Since this policy is through a trust, if the trust lists a 70/30 disbursal, it will be that way unless any changes be made (which usually cannot be made I believe).
Posted: Wed Oct 21, 2009 09:35 am Post Subject:
My father always favored my sister and assigned his beneficary to her as well as my mother's life Insurance. Everything is in the Living Trust that splits the estate 70% and the rest of the 30% goes to me. I was told the life Insurance goes to the Benerficary 100%. What kind of crap is this? This is greedy!
Don't you mean, "I am greedy." Maybe your dad thought that you cared about his money while your sister cared about him.
If the insurance is owned by the Living Trust, but has your sister as sole beneficiary of the insurance, she'll get 100% of the life insurance. Everything else will get split 70/30.
Posted: Mon Nov 16, 2009 09:28 pm Post Subject:
Dear Andrea, yes he can contest it, but if he does, he will lose.
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