Collingswood, NJ asked in Estate Planning and Probate for New Jersey

Q: Life Insurance policy made out to my brother and father

My mother died and left a life insurance policy with my brother and father's names on it. My father stated, she did this with the intentions of my brother dividing it amongst the 4 children. He claims he didn't want to be taxed on it so he put it in dad's name. He is my dad's POA, dad told him to put it in the family trust, he agreed. We come to find out it was never put into the trust. My dad is 86 and has had a stroke and is totally dependent on my brother, therefore, he won't speak up and ask him why he didn't do what he was supposed to do. It was for $30,000 and he ignores me when I ask him where it is. Is there anything I can do about this?

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1 Lawyer Answer
Richard Diamond
Richard Diamond
Answered
  • Short Hills, NJ
  • Licensed in New Jersey

A: This is not a family law question but a question better directed to an estate litigation lawyer. It may be worth your time and money to sit down with a specialist to find out if you have recourse against your brother.

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