OT wills/beneficiary etc.
On 10/17/2011 3:31 PM, DerbyDad03 wrote:
On Oct 16, 3:57 pm, wrote:
"numan" wrote in message
When one is a beneficiary of a life insurance policy, does this go
to probate like the will? Someone I know was the beneficiary of a
life insurance policy. They were not related to the person. Family
members attempted to sue the beneficiary, which they failed in doing
so. This has been about 10 years ago.
I know someone else who just recently found out they are the
beneficiary of a life insurance policy. They were related to the
deceased. Siblings are of course fighting among themselves (sad!)
saying the beneficiary should "share" it.
Course this is a legal issue, but has anyone else reading this been
a beneficiary of a life insurance policy, and what was the outcome?
Courts frequently decide things as a "reasonable person" would. In
this case, the person named a specific person as the beneficiary. It
was his or her wish that the named person receive the money. Simple as
that! Just do as the deceased wished.
FYI - Because other people are wanting money they are not entitled to,
I would bet that is the reason they were not named as beneficiaries
too!
Courts frequently decide things as a "reasonable person" would."
What do the "courts" have to decide on in this case?
The probate court has no say on a contract with a named beneficiary
and therefore have nothing to decide on.
Might it go to probate if the beneficiary is a trust?
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