Legal Question in Wills and Trusts in California
Probate Distribution
death of single parent apparently without a will or trust
parent was legally separated, not divorced.
spouse wherabouts remain unknown
no known spousal or child support occurred.
Deceased details:
2005 bankruptcy
some debt to creditors including IRS
minor assets
some life insurance and or annuity
surviving minor child, 17 years, turning 18 this year.
I believe surviving child is named as beneficiary on all insurance policies and death benefits
Question 1:
what are the possibilities and strategies available/allowed by law to allow the child to receive the benefits instead of the separted spouse?
Question 2:
what exposure does the minor child have to creditors now and in the future when the child turns of legal age?
2 Answers from Attorneys
Re: Probate Distribution
This sounds a little too complex to be answered via email postings. You need to meet with an attorney.
Re: Probate Distribution
these questions involve both family law issues and probate issues and depend upon the facts and the relevant documents and agreements (marital settlement agreement, life insurance policies, etc.)
you will need to consult an attorney.