my partner of seven years is pissed, why, she is an adult, my son is a child
2007-02-24 03:11:17 · 7 answers · asked by coneyislandkid 1 in Society & Culture ➔ Cultures & Groups ➔ Lesbian, Gay, Bisexual, and Transgender
No, he's your son and it's your choice. Maybe you could do something else to placate her, but your son is the main concern.
How many policies do you have?
2007-02-24 03:22:41 · answer #1 · answered by Anonymous · 0⤊ 0⤋
That's a personal decision on who you should make your beneficiary. However if the child is under the age of 18 you may not want to name him as a beneficiary. Why? Because depending on the insurance company, the child might not get the money until they turn 18.
Also, minor children, when they are the named beneficiaries of a life insurance policy, should that policy end up paying a death claim before they grow up, might end up receiving a lot of money, a lot sooner (as early as age 18) than they have the maturity to know what to do with it. I'm not quite sure if I'd trust that my kids would use that money wisely. I'd be a little uneased.
For this reason, many people, rather than simply naming their children as beneficiaries or contingent beneficiaries, have set up trusts, to make sure that the money they have provided, through their life insurance, will be distributed more sensibly... on a schedule that they can predetermine using criteria that they have decided, in advance, that makes the most sense.
I hope that helps.
2007-02-28 10:40:05 · answer #2 · answered by Byron Udell 2 · 0⤊ 0⤋
And have you made any provision for her in the untimely event of your death? If so, then you have nothing for which to apologise.
If not then consider that she may have to bury you, look after your son, maintain the house...
...Doing what is right for your son doesn't exclusively mean his benefitting financially from your sad demise.
2007-02-24 12:45:25 · answer #3 · answered by unclefrunk 7 · 1⤊ 0⤋
It's your choice and if I were you, I would do just that. And you mention "one of your life insurance policies", so you could put your current partner of the other life insurance policy. I can see your reasoning in this and I would do just as you have planned.
2007-02-24 12:09:11 · answer #4 · answered by xander 5 · 0⤊ 2⤋
Your choice dude. Besides, you want your son to be taken care of when and if you pass away. Look at whats going on with Anna Nicole....those things happen to us poor folk too.
2007-02-24 11:28:55 · answer #5 · answered by Crazy Bi Chick 3 · 0⤊ 0⤋
Who will be raising that child should the worst happen?
Who will have to pay to bury you?
While I understand wanting your child to have something should you pass on, if your partner is important to you, you should make provisions for them BOTH.
2007-02-24 11:38:06 · answer #6 · answered by IndyT- For Da Ben Dan 6 · 0⤊ 0⤋
I think it is very thoughtful and a way to provide for your child in the event of something happening to you. Its almost like your duty to your child. Your partner should understand this. Besides, you said one of your policies, name her on another. Problem solved.
2007-02-24 13:05:54 · answer #7 · answered by Anonymous · 0⤊ 2⤋