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If my father passed away and I am still a dependent on his i

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Posted: Tue Dec 27, 2011 10:26 pm   Post subject: If my father passed away and I am still a dependent on his i   Okay I am a 22 year old full time student working only part time, my father passed away recently and I am just curious about what will happen with him having a life insurance policy and as me being his only dependent. My stepmom has all his info and I just want to know what I'm talking about when I ask her about it. _________________ Register Now to have your Insurance queries solved.	Guest
Posted: Wed Dec 28, 2011 7:53 am   Post subject:    Do you know who was listed as the beneficiary on the policy? _________________ Matthew Virginia Life Insurance Virginia Disability Insurance Virginia Health Insurance	runawaykinms New member Joined: 18 Dec 2011 Posts: 12 2.12 Dollars($)
Posted: Tue Jan 03, 2012 1:54 am   Post subject:    Dependent status has little to do with life insurance proceeds unless the money ends up going to the decedent's estate. There, the court is bound by state probate law when it comes to distributing assets. Spouses usually get first dibs after all the creditors have been satisfied first. Adult children can successfully petition for a share, especially when in the per stirpes bloodline compared to a second/subsequent spouse -- but the newest spouse will not be left penniless unless she/he had criminal involvement in the death. _________________ CA-licensed P&C Broker-Agent and Life Agent. CA Insurance Lic #0596197. Now investigating insurance company abuses, and providing litigation support and expert witness services. Send me your questions, and I'll send you my answers.	MaxHerr Moderator Joined: 29 Nov 2009 Posts: 4629 Location: Pomona CA 210.19 Dollars($)

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