I would like to know the following: My mother passed away Sept 5th 2013 My sister is the beneficiary on the policy Does she have the legal right to keep monies that are left Is it a law that she has to divide the between siblings? Little Chute, Wi
My sister said that Mom told her to keep any monies that are left I see nothing in writing I did call My Mom's Attorney He will get back to me this following week
beneficiary - means its her money unless im mistaken. my sisters and i divided all assets ourselves then sketched up a document that we all signed off on and notorized. our attorney said that we saved a lot of legal expense and hassle by doing so. essentially a judge will sign off on whatever the kids agree to or make the division himself per existing guidelines.
If she was the only beneficiary listed on the policy, it is all hers. The insurance company would send her the check and she has no legal requirement to share anything.
Do you mean a life insurance policy? The money is all hers. That's what being the beneficiary means. Or do you mean an insurance policy that was covering her funeral expenses and there was money left over that she somehow claimed as hers?
Maybe not fair, but probably legal for her to keep it all.
Was she the caregiver? If she was, she probably earned every cent. If not, well, that's how your mother set it up. If you want to keep your sister, you'll have to get over it somewhat.
I meant she says she is sole beneficiary on my Mother's Life Insurance policy She has not showed any of the siblings regarding that She is excucter of the will he also hasn't gone through the will with us She verbally said to me That what ever monies from anything is hers Nothing to show proof of that either I am waiting for my Mother's Attorney to call me back this week
Was she the caregiver? If she was, she probably earned every cent. If not, well, that's how your mother set it up. If you want to keep your sister, you'll have to get over it somewhat.