by jnmjwm » Fri Apr 09, 2010 03:44 am
My dad died about a week ago and i believe my mom is the sole beneficiary. I have 3 siblings and our ages range from 27-10. The rest of my money hungry famliy keeps telling me that its customary of my mom to split 20% of the money among me and my siblings and the other 80 she gets to keep. i was wondering if there was any truth to this? it would be nice to have a portion of the money but im not willing to start an unneccesary war over it. any help is greatly appreciated.
Posted: Fri Apr 09, 2010 11:45 am Post Subject:
I am sorry to hear about your Dad. Did he have a will? If he did regardless of what your family says, what ever wishes your father had after his death is what will be left to whom and how much.
Posted: Fri Apr 09, 2010 11:59 am Post Subject:
Sorry for your loss....only a week ago huh?
If your mother is the sole beneficary, ALL the money from the life polilcy is hers to do with as she wishes. If she wants to share with her children she can..but is under no legal obligation to do so...And frankly if she still has minors at home, (and apparently she does)..she will probably need all the help she can get!
Posted: Wed Apr 14, 2010 03:48 am Post Subject:
Yes, as Lori has stated if she is the sole beneficiary then all of the life insurance proceeds go to her. Will or no Will, Dad told me a week before he died that he wanted this that or the other thing, doesn't matter. The beneficiary receives the money. She is under no obligation to split up the proceeds.
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