Q: My mother was beneficiary but she died before the insured. Who does money go to?
The insured died after his sister who was the beneficiary. He lived in national city California
A: It depends a lot on what this is. Is it life insurance proceeds? Is it a bank account? Is it an IRA or a 401(k) account? The most likely answer is the money will go to the contingent beneficiary. If there is no contingent beneficiary then most likely it will go to the estate of the decedent and a probate will be required to distribute it. But if it is money in a qualified plan, the plan rules might be different.
James Edward Berge and John B. Palley agree with this answer
A: I am sorry for the loss of your mom and aunt. I would say your mom would not receive the money. I would say the money goes to the contingent beneficiary if one is named on the policy. If one is not named then the money would go as the policy dictates which most likely would be to the probate estate.
James Edward Berge agrees with this answer
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
