Legal Question in Wills and Trusts in Canada
what if a beneficiary for a life insurance policy is named who is not family & family are wanting to contest it, what rights does a beneficiary have if this was done 3-4 years before the person died.
Asked on 12/16/10, 8:51 am
1 Answer from Attorneys
Donald McLeod
Donald R. McLeod Law Corp.
In British Columbia, a family has no right to contest the fact that a deceased named an individual as the beneficiary in a life insurance policy. There are many reasons why an individual would nominate a beneficiary, such as to protect a loan given to the deceased; to protect an investment in a business deal; to buy out a partnership interest; to name just a few.
Answered on 12/16/10, 11:29 am
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