by Guest » Thu May 19, 2011 07:40 am
I am beneficiary for 3 policies, there is a will which does not say anything about theses policies but i am her will executor and have to divide all her assets between her kids which is her home and vehicles and such. all that was said about the remaining balance of the policies after her finances were taken care of was for me to keep for my services, i have never been in such a difficult situation i am lost and want to do what is expected legally..please advise..
Posted: Fri May 20, 2011 01:26 pm Post Subject:
I don't think her life insurance policies have to follow her will. Believe it or not, life insurance benefits are to go to the named beneficiary, and in the absence of a named beneficiary they're to go to the deceased person's trust.
Posted: Mon May 23, 2011 11:04 am Post Subject:
Your name may have been mentioned in the will for achieving any other property or fund. But I'm sure that you'll only get a portion of the life insurance benefits, if you've been mentioned in the policy as a 'beneficiary'
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