Legal Question in Insurance Law in Ohio
After my mother died we found out that she had a life insurance policy on my daughter we were unaware of. The insurance company says we need to go to probate to get the ownership of the life insurance policy transferred from my mother's name to my daughter's. my mother owned nothing and therefore we did not have any reason to go to probate. the insurance company won't/hasn't explained what it is we need from a probate court - the policy is quite a substantial amount and would not be a good idea to walk away from the policy. Could someone explain what it is that we need to do/get to transfer ownership of the policy. i already have a copy of the death certificate. I thank you for your assistance.
1 Answer from Attorneys
Is the daughter a beneficiary of the policy and if so is she a minor. If yes to both, then the law requires a guardian be appointed. You will need the assitance of an attorney for that. If the deceased simply owned the policy on the life of the daughter, then you can try and work through the proper probate proceedings to have the policy transferred via summary release from administration.
If you'd like assistance or a free consulation, please contact me.
Related Questions & Answers
-
Hello, I bought an old car to fix up to resale or possibly give it to my son if he... Asked 10/01/10, 2:27 pm in United States Ohio Insurance Law
-
If my mother has a law suit in and she passed are the heirs of hers estate eligible... Asked 7/08/10, 12:45 pm in United States Ohio Insurance Law
-
Can a company force someone to carry there insurance Asked 6/23/10, 11:32 am in United States Ohio Insurance Law
-
How much does it cost to get an attorney to file a 'Motion to Quash' a subpoena.... Asked 6/17/10, 12:34 pm in United States Ohio Insurance Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
