Is a child entitled to the proceeds from their deceased parent’s life insurance policy?
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Is a child entitled to the proceeds from their deceased parent’s life insurance policy?
My son is 12 his father pasted away 3 months ago, His dad’s sister was his power of attorney and also the beneficary on his insurance policy.
Asked on May 6, 2012 under Insurance Law, Illinois
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
If your son was designated as the beneficiary of his deceased father's life estate policy, your son is entitled to the proceeds. However, since he is a minor, his entitlement will be such that the proceeds will need to be held in trust for him until he is an adult (18 years of age) and overseen by an adult that can be trusted and look out for your son's best interests.
The power of attorney for your husband ended upon his death with respect to his sister.
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