disneykid52
Member
What is the name of your state (only U.S. law)? I'm in Florida but beneficiary lives in NY.
Just as an example,if I have say a $50,000 life insurance policy and have my cousin listed as beneficiary, does she get the money automatically or do creditors have their say in it? Also can I acutally leave the money to her youngest (8 months old now) and have it stated in a will that she may not touch the money until said child is 25?
Just as an example,if I have say a $50,000 life insurance policy and have my cousin listed as beneficiary, does she get the money automatically or do creditors have their say in it? Also can I acutally leave the money to her youngest (8 months old now) and have it stated in a will that she may not touch the money until said child is 25?