Can a will override a beneficiary on a life insurance policy in Texas?
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
Auto Insurance Auto Insurance Company Best Golf Boston Celtics Buy Insurance Car Auto Car Insurance Company Insurance Dad Game Golf Ball Golf Balls Golf Cart Golf Club Golf Clubs Golf Course Golf Courses Golf Game Golf Swing Golf Tournament Good Golf Handicap Health Insurance Holes Insurance Insurance Auto Insurance Car Insurance Company Insurance Life Insurance Work Irons Life Insurance Life Insurance Company Life Insurance Policies Life Insurance Policy Lot Money Parents People Play Golf Playing Golf Taylor Lautner Term Insurance Tiger Vw Golf
WP Cumulus Flash tag cloud by PopVan.cn and Rve requires Flash Player 9 or better.
5 Responses
1.31.2010
Best Answer – Chosen by Voters Contracts are honored before the estate is settled. Therefore the beneficiary on the life insurance contract is paid before the will (which is like a wish list for the estate) is even considered. *This is my opinion based on generally available information, and it may be worth what you paid for it. If you were just curious, I hope I helped. If you need a professional and reliable opinion about this, seek the advice of a probate lawyer in Texas.
1.31.2010
Doubtful.An insurance policy is a contract between the insured and the company.If the insured (Dad) wanted the wife to have the insurance money then he would have changed the life insurance policy. A beneficiary on a life insurance policy can be changed by the insured. The will is a completely separate contract that the insurance company has nothing to do with. Your best source of information would be a probate attorney – but I don't think a will can change the terms of a life insurance policy. Dad apparently did not want the wife to have the life insurance money.
1.31.2010
A will does NOT override a beneficiary clause.The ONLY way it can be overturned, would be if she could prove that he was mentally incompetant at the time he chose the BENEFICIARIES. And frankly, it's not likely to happen, that a judge gives the money to an estranged wife instead of the children.
1.31.2010
No. The beneficiary named by the policy falls outside the parameters of a will unless the estate of the person is named as the beneficiary of the policy. You cannot contest life insurance beneficiaries. Source(s): http://www.evolutionofwealth.com
1.31.2010
I doubt it – Texas has some crazy laws, but I would really really really doubt it