- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Life Ins Beneficiary is a Minor
Posted on 12/12/12 at 1:15 pm to Ranger123
Posted on 12/12/12 at 1:15 pm to Ranger123
as owner of a life insurance policy, you can name anyone as beneficiary. this company is attempting to avoid any potential legal expense if your death occurs and a minor is listed without some sort of representation by an adult?
2
Posted on 12/12/12 at 1:21 pm to BestBanker
It appears as though the unfortunate as already occurred and there is the need for him to prove that he is the guardian of the minor beneficiary.
Posted on 12/12/12 at 1:25 pm to BestBanker
Its not his policy. Someone has died and left his minor child money.
Call the clerk of court office. They can probably lead you in the right direction.
Also, I don't think you can put this money in to a trust since it is not your money that is being transferred to the child. As guardian or custodian of these funds you have a fiduciary responsibilty to the child. Later on, if this money is lost due to bad investment the child can sue you for mismanagement of their funds.
Call the clerk of court office. They can probably lead you in the right direction.
Also, I don't think you can put this money in to a trust since it is not your money that is being transferred to the child. As guardian or custodian of these funds you have a fiduciary responsibilty to the child. Later on, if this money is lost due to bad investment the child can sue you for mismanagement of their funds.
This post was edited on 12/12/12 at 1:27 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News