important life insurance question

Message

Author

Posted: Sat Jul 25, 2009 4:32 am Post subject:

I think that in community property states if the individual dies intestate, the estate goes to the spouse after meeting the debts of the deceased. However, if there is no named beneficiary but the will suggests who the money should go, would the money then go to that person?

simon

Senior member

Joined: 28 Sep 2005
Posts: 550

93.55 Dollars($)

Posted: Tue Jul 28, 2009 8:25 am Post subject:

Quote:

There is usually a line of successors, spouse, children, parents or siblings.

i totally agree to this!
_________________
auto insurance

choco

Member

Joined: 07 Jul 2009
Posts: 61

12.26 Dollars($)

Posted: Tue Jul 28, 2009 9:45 am Post subject: Life Insurance

I'll tell ya,...I've had my 'debates' with some of the Insurance Experts, on this forum, on how to PROPERLY set up your Life Insurance policies. It's scary to thin, if you DO set it wrong incorrectly, that you money be go somewhere else and not where you intend for it to go. Scary thought,..if you're trying to 'provide' for family, etc.

sdchargersfan

Senior member

Joined: 21 Aug 2007
Posts: 2055

4.67 Dollars($)

Posted: Tue Aug 11, 2009 12:02 am Post subject:

A living trust solves all of those problems. _________________

mkortz

New member

Joined: 06 Aug 2009
Posts: 24

Location: Orange County
7.85 Dollars($)

Posted: Tue Aug 11, 2009 9:38 am Post subject: insurance

Also.....I've had 'Clients', who din't get along with their families, what so ever. So,..what THEY did was give the money to charities, etc.

sdchargersfan

Senior member

Joined: 21 Aug 2007
Posts: 2055

4.67 Dollars($)

Posted: Sat Aug 15, 2009 1:50 pm Post subject: Life Insurance

My father died this week and he was somewhat secretive about his personal business. Is ther a way to find out if he had any life insurance that we may not be aware of? _________________ Register Now to have your Insurance queries solved.

concerned

Guest

Posted: Sat Aug 15, 2009 3:18 pm Post subject:

Look at his check book.

InsuranceExpert

Senior member

Joined: 05 Apr 2009
Posts: 662

142.69 Dollars($)

Posted: Sun Aug 16, 2009 1:54 pm Post subject: insurance

What if he had ANOTHER bank account/checkbook JUST for his business? If 'you' knew if one did exist and where to find it, I guess you would have 'success.' (Sorry to hear about your father). I DO know there is a way to find out if he did,..but, I'm sorry, I just don't know WHERE to ask to find out. There's been people on this Forum who want to find out about policies for family members.....ALOT of the Experts, on this Forum, can tell ya where to look.