Law & Legal Issues
Life Insurance

Does your parent have the right to postpone your receiving your other deceased parent's life insurance from the age of 18 to the age of 21 if they wanted to?

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July 01, 2005 4:57AM

It depends on what the deceased parent has put in their Will. If they said that the surviving parent takes care of any monies or property until you are the age of 18 or 21 then the surviving parent has the right to do so. Your surviving parent is probably keeping the money for you so you will spend it wisely when you are a little older (probably 18 if this is the legal age in your State) and this really isn't a crime. Many young people would race out and buy a new car and squander the money. Talk to your parent if you want further education or want to travel a little. I am sure they will give you the money if it's for a good reason.