Can someone who shares joint custody claim inheritance money for a minor child if they are not the parent?

I share joint custody of my children with their aunt. Their great grandmother has passed away and listed my children as beneficiaries to some life insurance policies,and pension death benefits. Will their aunt be able to put in claims for and receive that money with those papers stating that she has joint custody?

Asked on May 25, 2012 under Estate Planning, New Jersey

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

If your children inherited money from their great grandmother then that money is theirs and no one else has a right to it.  What should happen is that the funds eill be placed in to an account (or annuity) for their benefit to be distributed to the when they are 18.  Please seek legal help here.  Good luck.


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