[WSBAPT] Minor Beneficiary of Life Insurance

[Rebecca King]

Good afternoon,

 

A friend’s 12 year old daughter was named the beneficiary on a $20,000
life insurance policy.  There was no mention of UTMA or a custodian for
the funds.  The 12 year old was simply listed as the beneficiary.  The
insurance company is telling my friend that she has to get letters of
guardianship to access the funds.  Is there any other way to get the funds
other than guardianship?  And, if not, would this require a guardianship
petition under RCW 11.88 complete with a GAL appointment?

 

Thanks in advance!

Rebecca King

Associate Attorney

 

Northwest Elder Law Group

11300 Roosevelt Way NE, Suite 101

Seattle, WA 98125

(206) 937-6102

Fax (206) 830-9326

 

Providing Services in Elder Law

 

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