Follow
Share

My mother made me the beneficiary on my brother whom has,passed away. The money that is,left over do I give it to her since she is still alive?

This question has been closed for answers. Ask a New Question.
Thank you. He is,being creamated and she has insurance from medicaid n her husband. She doesn't need anything and she has money from them filing taxes. I don't need anything either. We both draw disablilty. I won't put the money in her name I will just put up for her in my savings acct. If anything happens to me my daughter will get and do the right thing and my son. They know its for emergies. I am very grateful for you all.
Helpful Answer (0)
Report

I love JessieBelle's response, whatever makes both your lives better.
Helpful Answer (1)
Report

Use it to buy him a nice headstone and flower pot. Let mom pick it out.
Helpful Answer (1)
Report

Reesa, since your mother is living with you, it makes sense to use that money for both of you in whatever makes your life easier and better. Maybe you both need some clothes or some house repairs done. And the rest could be put back and saved in case you would need it later. I would not put the money in an account with her name on it. If she had to qualify for Medicaid, it would be seen as her money to be used on her care. You may prefer to do this, but it is best to leave your options open. You can always spend money on her, even if it is in your name. However, the reverse may not be true if she ever needs Medicaid.
Helpful Answer (0)
Report

I was thinking give her some and save the rest for her like you said. Thank you very much. God bless you. ~Love Reesa ❤
Helpful Answer (2)
Report

Yes, she still needs help. I will continue to take care of her. She's having a tough time with his death. I am just glad that she came to live with me so she could be with him. He came to live with me in 2004 She knew I would take care of him. 3 Yeats ago she came to live with me because she had 2 strokes, she's being doing good since then but she need help so that is why she lives with me.
Helpful Answer (0)
Report

Just my personal opinion, but it sounds as if your mother needs help as much as your brother; I'd reserve that money for emergencies for her.

But it sounds also as though your mother wanted you to have the proceeds of the policy for taking care of your brother.

Tough call - maybe just put it in the bank and save it for a rainy day.
Helpful Answer (3)
Report

She made the policy but she is I'll and he got ill lost both his legs she knew I knew sign language so she ask me to take care of him because she couldn't. She named me as beneficiary. She still sick but lives with me also.~ Reesa
Helpful Answer (0)
Report

CWillie is right; your mother can't make you a beneficiary of a policy unless she arranged for it and paid for the policy for your brother, and made that selection, with which he agreed.
Helpful Answer (0)
Report

She made me the beneficiary because he was deaf and I was taking care of him and she thought she was going to die before him. ~ Reesa
Helpful Answer (0)
Report

How did your mother make you the beneficiary, usually it is the person who owns the policy(your brother?) that names their beneficiary?

What was the intent when the policy was taken out? It seems to me if your mother was meant to have the money she would have been the beneficiary. There is obviously something missing from your story...
Helpful Answer (1)
Report

This question has been closed for answers. Ask a New Question.