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No will, life insurance policies only dispute

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  • No will, life insurance policies only dispute

    Hi, my grandad died a short while ago and left no will as there is practically no assets - 1k in the bank. He has 3 insurance policies that were intended to pay for the funeral totalling about 5k (funeral bill is 6k so no inheritance left). He had 4 children and one has acted as executor and paid the funeral herself ahead of the policies being paid into her account. One of the policies for 2.5k requires all 4 children to sign it but 1 is refusing following a dispute. How can we get the insurance paid out to cover the funeral costs?
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  • #2
    Re: No will, life insurance policies only dispute

    From a legal point of view, hard to answer. The insurance company will be able to provide details as this will not be unique to them. Generally, a policy is paid out on when the Personal Representative provides a copy of the death certificate. I am unsure why the insurance co needs all four children to sign.

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    • #3
      Re: No will, life insurance policies only dispute

      Originally posted by MrsEmmaWalker View Post
      Hi, my grandad died a short while ago and left no will as there is practically no assets - 1k in the bank. He has 3 insurance policies that were intended to pay for the funeral totalling about 5k (funeral bill is 6k so no inheritance left). He had 4 children and one has acted as executor and paid the funeral herself ahead of the policies being paid into her account. One of the policies for 2.5k requires all 4 children to sign it but 1 is refusing following a dispute. How can we get the insurance paid out to cover the funeral costs?
      Hello, MrsEmmaWalker

      I suppose the obvious answer is for you to look at the terms of the insurance policy, or you could scan the document into your computer and post its terms here. It does seem unreasonable however, as the your late husband paid insurance premiums that on the basis of his death the insurance company would pay out. Normally, proof of death should/ must be the only prerequisite. The formalities must be dealt with on death to pass any property, or insurance pay outs, legally. If the contract's terms require 4 signatures from the beneficiaries it must mean something different, ie that the insurance was in their names through a trust or something more technical like that.
      Last edited by Openlaw15; 12th July 2016, 15:44:PM.

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