by bjamm1972 » Thu Jul 23, 2009 05:56 pm
If there was not a designated beneficiary on a life insurance policy(due to the death of the beneficiary)and there was no contigent beneficiary named, would the money go into the deceased estate or would it go by Preference Beneficiary ie., spouse then minor children, etc., Is there anyway that you could contest the Preference Beneficiary if there was what you thought just cause to?
Posted: Tue Jun 28, 2011 01:27 am Post Subject:
Max, maybe you can explain to us mere mortals how a non probated asset would end up in probate court.
I think that the owner names the beneficiary. The contract language determines what happens if their is no living beneficiary. You have never seen a contract in which a step child is the same as a legal child.
Posted: Tue Jun 28, 2011 01:41 pm Post Subject:
Max, maybe you can explain to us mere mortals how a non probated asset would end up in probate court.
I think that the owner names the beneficiary. The contract language determines what happens if their is no living beneficiary. You have never seen a contract in which a step child is the same as a legal child.
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