or
Join Now!
|
|
Home/Health & Fitness/Health Insurance
|
| Forum |
Ask A Question |
Question Board |
FAQs |
Search |
Return to Question Board
| Question Details |
Asked By |
Asked On |
| Life and death insurance |
Cindy71 |
02/06/03 |
My uncle has asked me to be the beneficiary for him. He specifically said he did not want his ex-wife, son, daughter or 4 of his grand kids to receive any money from his death. He asked me if I would be willing to accept the responsibility of taking care of his arrangements when he dies and if I would be willing to agree to give 1 of his 5 grand kids any/all of his money (from life/death insurance), Steven. But he wants Steven to get the money when Steven turns 25 (in 13 years). I agreed, because I'm the only one he trusts. He doesn't have money to hire a lawyer (for a will), but I figured if I can type something up which spells out EVERYTHING he would like done, his immediate family can't dispute it... or can they?
My boss suggested he set up a "trust" for Steven, but my uncle really has nothing, he's banking on Steven getting death and life insurance money, once he passes. I want to do what's best. I even suggested that he reconsider giving his 4 other grand kids money, but he said no (the other 4 have fathers, where Steven doesn't). I don't want to back down, and I want to do what's right. I figured, once he passes, if I have a paper which would be notarized, his ex-wife and kids wouldn't have a right to fight it. Yes, I know I will look bad in their eyes, but I'm only doing what he has asked me to do. I figured, once he passes, I can set up bonds for Steven and then only when Steven turns 25 then give him the money.
I have never had to do this before.
Your thoughts? |
|
Your Options |
Additional Options are only visible when you login! !
|
|
|
|
