Legal Question in Wills and Trusts in Texas
I want to make my 4 year old Grandson the beneficiary of all my life insurance policies--since he is a minor how would this be handled
Thanks
Asked on 8/21/09, 4:08 pm
1 Answer from Attorneys
Nicholas Dupre
Stone and Associates, LLP
Ideally, you should sit down with someone and lay out all the facts, i.e. what kind of policy?; for how much? etc. In general, when leaving non probate assets like retirement plans and life insurance policies to minor children, it is wise to leave it to a trust for his benefit. Though as I say, there may be mitigating factors that require a different solution.
Answered on 8/26/09, 12:42 pm