by cbluezzz » Thu Feb 12, 2009 02:15 am
my father whom my sister and i have been estranged from for many years passed away in august....we found out in november from a letter we recived from his life insurance company.....we are named as secondary benifaciers the primary benifcary pased 3 months befor he did. his sister whom we did not know exsisted is contesting the pay out of the policy, can she do this? what are her chances at wining. she was not listed at all
Posted: Mon Feb 23, 2009 12:05 pm Post Subject:
tammy luv all,
It's the form of ownership at death that triggers a probate court proceeding upon death, not a dollar amount. In Florida, Formal Administration is necessary when the inventory value of the estate is $75,000 or more.
Click on THIS LINK to hear some self appointed financial expert discuss this on the radio.
I just "happened" to be recording the subject matter during the broadcast. :wink:
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