If I am the beneficiary to a life insurance policy, can another family member sue me for the money?

Get Legal Help Today

 Secured with SHA-256 Encryption

If I am the beneficiary to a life insurance policy, can another family member sue me for the money?

I just recently found out I am the beneficiary to my grandfather’s life insurance policy. I have started the paper work to receive the life insurance monies and was notified by another family member that my uncle who was my grandpa’s POA apparently had attempted to change the beneficiary years ago but something went wrong and I remained the beneficiary. Apparently he has hired an attorney to try to get the monies from me. Is there anything that I should be worried about and should I seek counsel regarding this?

Asked on March 6, 2012 under Estate Planning, Ohio

Answers:

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

Answered 9 years ago | Contributor

I would not hire anyone just yet.  But you may have to if your uncle makes a claim on the money and asks the attorney to file an interpleader action which is an action requesting that the insurance company deposit the funds in to court until the beneficiary issue is straightened out.  Now, it is highly suspect to me when a POA changes a life insurance policy. Right now the money is yours.  Wait and see what happens. They have a lot to prove.  Good luck.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

 Secured with SHA-256 Encryption