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My incapacitated father will be receiving an insurance settlement from his father is my father's wife entitled to these funds in AZ?
Wiki User
∙ 14y ago
The insurance settlement belongs to your father as it is considered a "gift" to him from HIS father. If he deposits the money into a joint account, he obviously intends that his wife be allowed to share in the "wealth". When he dies, unless otherwise specified in his will, his wife would inherit the balance of these funds as next of kin. If your father's incapacitation might prevent him from making decisions for himself, you may want to discuss having him give someone he trusts Power of Attorney to act in his best interests when he can not. Your question suggests that his wife is not that person. If he believes she is, that is his choice. If you feel he is already unable to make the proper decisions for himself and you worry that his wife will not, you need to get a lawyer and intervene on his behalf - if you can. If you just don't like his wife and don't want her to have any of his money, is it because you think YOU should get it? Talk to your dad about his will in that case.
Wiki User
∙ 14y ago
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