QUESTION
My daughter's father had a massive heart attack and I know for sure that his daughter was the only benefactor for his insurance
Asked on Jun 17th, 2013 on Insurance - Mississippi
More details to this question:
but she has not been notified. She is 11 years old. Her grandfather has asked for her SSN and Birthdate - didn't say why he needed it. Is she entitled to his insurance money or does it automatically go to his parents since we were divorced.
1 ANSWER
Hi. No, the money should still be considered hers. However, she likely won't be able to access the money until she is 21 years old. A trust will need to be set up in her name, etc. I recommend you contact an attorney who handles trusts and estates. I am not sure where in MS you are located, but here are some names on the Gulf Coast. Pringle & Roemer in Biloxi (228) 374-1747 or Evelyn Floyd in Gulfport (228) 863-0522. Best of luck!
NOTE: This response is general in nature and should not be considered legal advice. No attorney-client relationship exists or is formed by this response.
Answered on Jun 17th, 2013 at 3:40 PM