[WSBAPT] life insurance beneficiary

[Heather deVrieze]

I find that Hans’ answer (using an UTMA account) can work if the funds are
not substantial.  The law refers to amounts less than sixty thousand
dollars.  If the amounts are more than that I don’t see any way around a
guardianship.  

 

Heather

 

Heather S. de Vrieze
Attorney-at-Law

 

3909 California Avenue SW

Seattle, WA 98116-3705                          

(206)938-5500 

 <mailto:heatherd at westseattlelaw.com> heatherd at westseattlelaw.com 

 <http://www.westseattlelaw.com/> www.westseattlelaw.com 


CONFIDENTIAL & PRIVILEGED. This e-mail message may contain legally
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From: wsbapt-owner at lists.wsbarppt.com
[mailto:wsbapt-owner at lists.wsbarppt.com] On Behalf Of Hans Juhl
Sent: Friday, March 14, 2014 3:20 PM
To: <wsbapt at lists.wsbarppt.com>
Subject: [SPAM] Re: [WSBAPT] life insurance beneficiary

 

Jenna, we recently used the UTMA to have a grandparent appointed
"custodian" in a similar situation. I was skeptical, but so far it's been
treated like a guardianship by the bank we are working with. Might be
worth a try

 

HPJ

Sent from my iPad


On Mar 14, 2014, at 3:11 PM, "Jenna Brozik" <jennaprinzlaw at gmail.com>
wrote:

Hello list mates,

 

My client has a son who is a minor.  Her ex husband, the father, recently
died.  The father had a life insurance policy and the son was the
beneficiary.  The insurance will not release the funds to the son because
he is a minor.  They will not release the funds to the mother either.  The
insurance company says that she must be the legal guardian.  

The ex-husband did not have a will.  Is there a way of getting around this
without going through a guardianship proceeding?


 

Thanks,

Jenna Brozik

Attorney at Law

Prinz & Brozik PLLC

445 S Grand Ave

Pullman, WA 99163

(509)338-0908 / (509) 338-3527 (fax)

jennaprinzlaw at gmail.com

 

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