Legal Question in Wills and Trusts in North Carolina
Who Benefits?
A woman dies intestate and leaves behind a husband and one adult son. Her benficiary for her 401K and her life insurance policies list both as 50/50. Shortly before her death, the woman was involved in an accident that is totally unrelated to her death and is the beneficiary of a large settlement.
Since she is dead, how is the courts likely to distribute this money?
Asked on 8/24/04, 11:23 pm
1 Answer from Attorneys
Jeff Rosner
Rosner Law Firm P.A.
Re: Who Benefits?
The Intestate stautute provides that a surviving spouse takes 1/2 interest in real property and the first $30,000 plus 1/2 the balance of personal property. The child would get the other half.
- Jeff
Answered on 8/25/04, 2:05 pm
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