Legal Question in Wills and Trusts in Texas
Power of Attorney changes life insurance beneficiary to himself
My aunt (93 years old) just died. She had given me an insurance policy long ago that she had with me as the beneficiary. I called the company today and found out a nephew who had power of attorney had changed the beneficiary to himsdelf just last month. Is this legal? My understanding was that a power of attorney could not change anything that was testamentary.
Asked on 2/16/07, 12:50 am
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: Power of Attorney changes life insurance beneficiary to himself
Insurance passes by contract, not by inheritance. What he did was legal, but not nice.
Answered on 2/16/07, 11:27 am