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Reply to "MIL withholding FIL life insurance and will "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My FIL died two weeks ago. She refuses to discuss his affairs with my husband (their only child) because “it’s not polite to discuss money.” She has said she’s worried she won’t have enough to live on and yet my FIL said for years she would be well taken care of. [b]Someone told us legally my husband will have to be contacted about the insurance or the will. [/b]Is that true? We would like to know she’s taken care of and if we need to plan on any additional income and pay taxes and if we need to move policies for our kids college (he had a college fund on their names). He also had a life insurance policy on my husband we may need to take over payments for. [/quote] If he is not the beneficiary on the life insurance or named in the will there is no legal requirement for your husband to be contacted. Why would he be contacted? If he is unsure if he is a beneficiary, he should contact the executor of the estate. If your husband knows the carrier for the life insurance, he should contact them. But if he isn’t the policy holder, the company probably won’t talk to him. [/quote] Depends on the state: some require descendants to get. A copy of the will when it is probated. But short term, not much you can do if she is executor.[/quote]
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