Legal Question in Wills and Trusts in California

Re: Insurance money

Well, I read your question, and then I read it again and again and again and I still don't understand it.

I know somebody gets paid $50,000 when someone dies but I cannot tell you if it is the mother or the son.

It seems to say the mother is paying on the life of the son. Now the son has a child but isn't married and I'm not sure who gets the money. This gets the prize for the most surprisingly difficult question to understand. No matter what its very simple, make sure that there is a beneficiary designation prepared, dated and signed by the owner of the policy. If you're not sure who that is called the 800-number on the policy and get help filling out the paperwork. Keep a copy of it and then the when whoever is supposed to die the beneficiary gets the $50,000. It doesn't matter if the boy has one child or 20 children. It doesn't matter who his wife is or not. All that matters is what it's all over with good designated beneficiary, the specific person whom he wants or the mother wants, whoever is the owner, will get the funds. If you screw it up no one could ever help you.

Re: Insurance money

Sounds like you have a policy and you are the beneficary. If that is correct, simply designate who you want the beneficiary(ies) to be. If your son pre-deceases you, then you may want to name the grandchild (50%) and your daugher in law (50%.) The key is that you can make choices NOW. Get a will and trust made perhaps so your wishes are carried out.

Re: Insurance money

Sounds like you have a policy and you are the beneficary. If that is correct, simply designate who you want the beneficiary(ies) to be. If your son pre-deceases you, then you may want to name the grandchild (50%) and your daughter in law (50%.) The key is that you can make choices NOW. Get a will and trust made perhaps so your wishes are carried out.