Legal Question in Wills and Trusts in California
life insurance annuity beneficiary
my mother had a living trust and all but 2 accounts were in the trust and the trust stated that all 3 of her children get the assets in the trust equally. My question is this: My mother had a life insurance annuity that somehow was not in her trust and only 2 out of the three of us were named beneficiaries. Can the one who was not named as a beneficiary fight this?
Asked on 3/23/08, 3:05 am
1 Answer from Attorneys
Mitchell Roth
MW Roth, Professional Law Corporation
Re: life insurance annuity beneficiary
No. The beneficiary designation in the policy controls. Of course, if the kids want they can divide the annuity payout equally between the three.
Answered on 3/23/08, 10:32 am
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