My beloved mother died; found out later she had conveyed "all" her interest in everything into a family trust. Brother #2 to be Trustee. However the notarized date was when she was in a coma; in any event, she was so mightily drugged the notary should not have notarized the document. Two Questions: Does "all" her interest include death benefits from life insurance policies? I have an idea which company(s) might be the underwriter. Can I call them and will they tell me if I am a named beneficiary under the policy?
2007-01-04 09:51:25 · 4 answers · asked by Anonymous in Business & Finance ➔ Insurance
Some of the info others have given you here is not so...(I am not trying to be mean to anyone, just to help this gal out!) I am a life insurance claims examiner...First off, any examiner worth their salt will look at the date on the notarized statement and question it, whether her death was accidental or natural, since any change to a policy close to the date of death is investigated...
As for the part about "all her interest", if an estate is established, everything she owns (including policy proceeds) is included in the estate, unless it is specifically excluded in the documentation...
You can call the company, but they will not give you any information unless you are a beneficiary or the policyowner, unfortunately...
You may want to call a lawyer if you think your brother is going to screw you...Get a copy of the trust, you may be part of it...Definitely let the insurance company know...They are able to investigate these sorts of issues...
2007-01-04 12:50:58 · answer #1 · answered by aoifeb2000 2 · 0⤊ 0⤋
The life insurance policies will state a beneficiary. If they name the trust as the beneficiary, then the proceeds will go to the trust. If they name people, then it goes to those people.
Life insurance proceeds are not part of the estate, since the estate is the property she owned when alive. She did not own the life insurance *proceeds* during life.
Call the insurance companies and find out if you are a beneficiary, and be prepared to provide a death certificate as well as proof of your identity.
2007-01-04 18:33:14 · answer #2 · answered by Catspaw 6 · 0⤊ 0⤋
No, a will or notarized statement does NOT change the beneficiary designation on a life insurance policy.
You can call them, but they cannot give you any information unless you are the executor of the will, or the policy owner.
2007-01-04 19:00:08 · answer #3 · answered by Anonymous 7 · 0⤊ 0⤋
1) "all" = "everything"
2) If you're listed, they should tell you
2007-01-04 18:00:04 · answer #4 · answered by Anonymous · 0⤊ 0⤋