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Can the new spouse try to claim insurance money stating it was joint vested monies?


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Wiki User
2015-07-15 21:12:55
2015-07-15 21:12:55

Only the owner of the policy may access the cash. Only the named beneficiaries may receive the death proceeds. This is not to say that a spouse would not go after a cash value in a divorce. I am not sure what the legal issues would be at that point...but a new spouse? How could she have any claim? Best solution...Form a trust, the trust becomes the owner...not an issue any more. Helps for those larger estates too.

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No. Insurance cannot be obtained on property which the policy holder has no vested interest or ability to control.

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The power vested in Harry in the movie Harry Potter. This is an example of vested in a sentence.

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