Legal Question in Wills and Trusts in Florida

Re: will states daughter to be executor and benificary of ins.(a 4 yr.old great

The insurance proceeds do not belong to the estate, so the executor (personal representative, in Florida) does not have any right to them. If the total does not exceed $15,000.00, the monies may be paid directly to the natural guardian of the child (Florida Statute 744.301). If in excess of that amount, they must be paid to the court-appointed guardian for the child, who would then account for them in filings with the court handling the guardianship.

Re: will states daughter to be executor and benificary of ins.(a 4 yr.old great

If the minor child is the named beneficiary of the life insurance policy, then the money goes directly to the minor outside of probate. It would not be part of the probate estate. Still, depending on the amount of money involved, the minor's natural guardian may want to set up a formal guardianship to safeguard these funds for later use by the minor. As I believe certain steps must be taken to protect the minors interests, I recomend you speak with an attorney.