Legal Question in Wills and Trusts in Texas
poa overriding a life insurance benificary
Will the power of attorney have any rights to a life insurance policy if not named as the benificeay?
Asked on 6/19/09, 12:33 pm
2 Answers from Attorneys
Patricia F. Bushman
BUSHMAN LAW OFFICES
Re: poa overriding a life insurance benificary
No, because any rights the holder of the power of attorney might have end immediately upon the death of the grantor of the power of attorney and life insurance isn't paid until after death. The Executor or Administrator of the estate won't have any rights either if there is a named beneficiary(ies) since the funds will never belong to the estate.
Answered on 6/19/09, 3:36 pm
Cheryl Rivera Smith
The Smith Law Firm
Re: poa overriding a life insurance benificary
No. BTW a power of attorney doesn't give you a "right" to any asset. It merely allows you to act on behalf of the grantor and in the grantor's best interest.
Answered on 6/21/09, 9:17 am