2006-12-29 16:37:15 · 8 answers · asked by Pam M 1 in Business & Finance ➔ Insurance
I was designated beneficiary but I'm not family can his family is there any chance they could get it changed in court?
2006-12-29 16:48:13 · update #1
If the money has been paid to you, it is a done deal. It must be contested before payment.
2006-12-29 16:46:14 · answer #1 · answered by Anonymous · 1⤊ 0⤋
The money is yours. You were the named beneficiary on the policy.
His family can question it all they want, but that doesn't change a thing.
The only possible exception is if a fraud was involved. Did you hold a gun to his head and make him put you down as the beneficiary? Did you somehow take out a policy on him, without his knowledge (naming yourself beneficiary)?
Stop worrying, and if any of his family whine to you about why you got the cash instead of them, all they need to hear is, "Because that's the way he wanted it."
I'm so sorry for the loss of your friend. He must have regarded you very highly for him to do this for you, and he wouldn't want you to worry now. So stop worrying, and remember him often in your thoughts.
2006-12-30 08:25:54 · answer #2 · answered by gr8 3 · 1⤊ 0⤋
I work for an insurance company and part of my job is changing/adding/removing beneficiaries from policies. It doesn't matter that you aren't a family member, as long as you were the primary beneficiary on the policy, there should be no reason that anyone would question it.
2006-12-30 02:07:28 · answer #3 · answered by jonesy634 2 · 1⤊ 0⤋
Yes, but it doesn't mean they will get any of it. If your friend marked you as the beneficiary, than your friend had his heart in it for you. Anyone can question anything and go to court, but it doesn't mean they will get it unless they can prove you had him sign something when he wasn't in sound mind, etc. Good Luck. I am happy your friend thought enough of you to do this. This is a special friend.
2006-12-30 11:11:50 · answer #4 · answered by Nana 6 · 0⤊ 0⤋
The only way someone can get a beneficiary designation overturned, is if the change endorsement was forged. And they have to prove it.
2006-12-30 11:00:48 · answer #5 · answered by Anonymous 7 · 1⤊ 0⤋
Anyone can question anything...but if his signature was witnessed on the application or beneficiary designation you shouldnt have a problem...
2006-12-30 00:40:20 · answer #6 · answered by City 2 · 1⤊ 0⤋
Why, did you arrange the "accident"? Unless it was a huge amount of money, there will likely be no investigation after the fact. If you have already received the cheque, either there was no need to investigate the circumstances, or it was already done and nothing untoward was found. My condolences on the loss of a friend.
2006-12-30 00:48:25 · answer #7 · answered by Fred C 7 · 0⤊ 1⤋
They can try and challenge it....But as long as he signed saying you were the beneficiary there's really nothing that they can do.
2006-12-30 20:19:22 · answer #8 · answered by KIDD3422 3 · 0⤊ 0⤋