Insurance money is a contract and is normally outside the estate. The adult children would have no rights to it.
The insurance beneits will go to the person(s) your father named as beneficiary(ies) when he purchased the policy, if any benefits are distributed at all. Some insurance will not pay benefits on suicide.
A life insurance policy for my father included his 3 children one is deseaced does the deseased child children then become heirs?
If the girlfriend is still alive then she can change her beneficiary. If she died and didn't change her beneficiary then you may have a claim if her estate went to your father. You should speak to an attorney. You refer to a "policy holder" in your question as well as an "estate". If the subject is a life insurance policy and your father was the beneficiary but was deceased when the insured died then be aware that the girlfriend probably named a contingent beneficiary on her policy.
Questions that must be considered: (1) Who died first, your father, or your brother? If they both died simultaneously then your brothers's insurance policy wouuld go to your father's estate UNLESS a secondary beneficiary had been named. (2) Who are the named beneficiaries on your brother's insurance policy? It actually makes no difference what their marriage status was, it is the NAMING of a beneficiary that counts, NOT their family status. If no other beneficiary of the policy was named you may have to hope that your father's will included you.
There are five basic participants involved in a life insurance contract. # Contract (policy) Owner# Agent# Insured# Primary Beneficiary# Secondary Beneficiary---- The Five Participants: 1. Contract owner The contract owner is the person that actually owns the insurance policy. 2. Agent The insurance company (see notes below) 3. Insured The Insured is the person whose life is being insured. 4. Primary Beneficiary The primary beneficiary is the person who receives the death benefit when the insured dies. 5. Secondary Beneficiary The secondary beneficiary is an alternate beneficiary that will receive the death benefit if the primary beneficiary previously died. ---- An Example: For example, a wife may purchase a life insurance policy on her husband. The wife would be the owner and the husband the insured. She may name their children as the primary beneficiaries. In this case the children, not their mother, would receive the death benefit when their father dies. On the other hand, if the wife had listed herself as beneficiary and the children as the secondary beneficiaries, the wife would receive the death benefit. Then had the husband and wife died together, say - in a car accident; the children, as secondary beneficiaries, would receive the death benefit on the life policy on their father. ---- Notes:There are two parties in an agency relationship: 1. The party being represented - the client 2. The party doing the representing - the agent An insurance agent represents his client - the insurance company. The insurance purchaser is the insurance agent's customer. The purchaser is the client of the insurance company.
No. The beneficiary is whoever is specifically named on the policy.
Of course. Even if she is remarried the father is still the father of the children and legally responsible for their support. She should file a petition for child support in the local family court.Of course. Even if she is remarried the father is still the father of the children and legally responsible for their support. She should file a petition for child support in the local family court.Of course. Even if she is remarried the father is still the father of the children and legally responsible for their support. She should file a petition for child support in the local family court.Of course. Even if she is remarried the father is still the father of the children and legally responsible for their support. She should file a petition for child support in the local family court.
Yes, children can certainly contest a will.
How can I find out if my decease father placed us on his life insurance. He remarried and his wife has not forwarded any documents to us
The life insurance proceeds are owed to the beneficiary(s), regardless of parental rights.
You have to file a creditor's claim against the estate of the father.
This all depends on who took out the life insurance policy and who was named as the primary beneficiary at the time. The primary beneficiary is named within the policy document. The primary beneficiary may or may not be the father and/or mother. If the primary beneficiary is deceased, then check the policy for a named contingent beneficiary. If there are no named beneficiaries living, then the policy proceeds become part of the policy holder's estate. Please consult with a qualified attorney, to determine guardianship of the child's estate. Ask the insurance agent and a lawyer for a free consult to be sure.