jordynhollander
Junior Member
What is the name of your state (only U.S. law)? NEW YORK
My Mother has late stage cancer and is slowly slipping away from us, and has left a substantial life insurance policy to her parents, myself (her son) and my daughter (her granddaughter)... 1/3,1/3, 1/3....
In her Will, she has given me full executor, executrix, and custodial rights for all of her property and also put me in charge of anything left for my daughter.
The question I have is the Life Insurance Money... how will the portion left for my daughter be handled? It is my Mother's wishes that I manage it on behalf of my daughter (Perhaps start a college fund or something), which I intend to do, but am unclear how the insurance company will handle the benefit payable to my daughter who is now only 6 years old.
Please advise, as my Mother will call the insurance company and make changes to the policy if it will cause difficulties in me managing the money on my daughters behalf as set forth in her will.
Please AdviseWhat is the name of your state (only U.S. law)? NEW YORK
My Mother has late stage cancer and is slowly slipping away from us, and has left a substantial life insurance policy to her parents, myself (her son) and my daughter (her granddaughter)... 1/3,1/3, 1/3....
In her Will, she has given me full executor, executrix, and custodial rights for all of her property and also put me in charge of anything left for my daughter.
The question I have is the Life Insurance Money... how will the portion left for my daughter be handled? It is my Mother's wishes that I manage it on behalf of my daughter (Perhaps start a college fund or something), which I intend to do, but am unclear how the insurance company will handle the benefit payable to my daughter who is now only 6 years old.
Please advise, as my Mother will call the insurance company and make changes to the policy if it will cause difficulties in me managing the money on my daughters behalf as set forth in her will.
Please AdviseWhat is the name of your state (only U.S. law)? NEW YORK
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