Re: life insurance policy
Posted by Curmudgeon on 10/07/09

Most group life insurance policies have a provision that
states that if no beneficiary is named, the proceeds are
payable to the estate of the insured. That means that the
benefits are an estate asset. If the probate estate is
still open, you need to file a motion to marshall assets (or
whatever it's called in your state). Your step-brother will
need to account to the estate for the money he received. If
no probate estate was ever opened, you will need to open one
to go through that procedure.

On 10/07/09, Paul Endricks wrote:
> Hello all,
>
> Its been a while since I have posted last, but let me
start by extending my gratitude for all the advice you
provide.
>
> My curent situaion is as follows: my father passed away
fathers day last year. His estate has been settled with
exception to a life insurance policy provided by his
company. As I understand it he never designated a
beneficiary to that policy. As a result his former employer
deemed that policy to my step-brother (the youngest of all
the children).
>
> My question is do I have a legal right to a share of that
policy? If so, what kind of action plan do I need to
proceed?

Posts on this thread, including this one

• life insurance policy, 10/07/09, by Paul Endricks.
• Re: life insurance policy, 10/07/09, by Curmudgeon.