QUESTION
Will i have to split life insurance money equally 3 ways?
Asked on Jan 29th, 2015 on Business Law - Alabama
More details to this question:
I was named beneficiary of a life insurance policy but have 2 siblings. They think 2 split the money equally 3 ways but that's not the wish of our mom. But our mom never made out a will or any type of letter to get notarized.
1 ANSWER
Life insurance proceeds pass outside of a will. If your mom made you the sole beneficiary of the insurance, regardless of whether she had a will or what that will provided, you have no legal obligation to share those proceeds with your siblings.
Answered on Jan 30th, 2015 at 10:27 AM