[WSBAPT] Insurance Co hold funds - minor heir but funeral expenses due

[G. (Gus) Benjamin Lindsey III]

Good afternoon,

 

I have a probate case in which the decedent appears to have failed to
identify payable on death beneficiaries on almost every account, including a
life insurance policy. The decedent was survived by a minor child.

 

The life insurance company has indicated that per its policy the funds will
not be released to the estate and its options are: 1) hold funds until the
child reaches the age of majority or 2) release the funds to a
custodian/guardian. (The decedent was not married to the father and my
understanding is that releasing the funds to the father is unwise. (based on
his criminal history.)

 

Probate is currently pending; and one main issue is payment of the funeral
expenses, which my client advanced.

 

Has anyone dealt with this type of issue? The insurance company is
requesting information regarding why the funds should not be released and
why they should be applied to the funeral expenses.

 

Any insight would be appreciated, trying to get a head start since I have a
short timeframe for responding to the insurance company.

 

 

Sincerely,

 

G. (Gus) Benjamin Lindsey III

Attorney-at-Law



 

The Law Office of G. Benjamin Lindsey III

2012 Grade Road, Suite 202

Lake Stevens, WA 98258

Phone:   (425) 263-9585

 

website: www.gbl3law.com <http://www.gbl3law.com/> 

 

Employment/Labor Law     Construction Law     Civil Litigation     Estate
Planning      Probate     

Business Law

 

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