What is the name of your state (only U.S. law)? IN
My wife and her only full blooded sister are the named beneficiaries on their late father’s group life insurance policy through his work. What happened was the insurance company somehow lost the beneficiary list or his work had it. So they were under the impression that he had no listed beneficiaries. They contacted us and asked for all of his children’s contact info. They never told us any amounts or anything. Upon contacting my wife’s older brother and sister they disclosed to them just how much money they would be getting if the money was split evenly. Then somehow the beneficiary list that listed just my wife and her sister pops up and they told my wife’s older brother and sister that they would not be receiving anything. They are now contesting the claim. The insurance coordinator told me that they have 45 days to provide legal basis as to why they should receive part of the payout otherwise she will disburse it to the listed beneficiaries. These two siblings were never a part of my father in laws life. Actually the brother was adopted when he was three. He is in his thirties now. I know that anyone can contest a claim. My questions are do they have any legal ground to stand on? Do we really have to wait 45 days because we are paying the funeral home with the insurance money? Can we go after the insurance company for disclosing information to them that they didn’t even tell us since they weren’t named beneficiaries? Should I be consulting my lawyer that is handling his estate just to be on the safe side? And the older sister said that if it doesn’t get split the way she wants that she will also contest his estate. Can she really cause this much problems for us. We plan on splitting the money with her just not the way she wants it. Any answers are more than welcome.
My wife and her only full blooded sister are the named beneficiaries on their late father’s group life insurance policy through his work. What happened was the insurance company somehow lost the beneficiary list or his work had it. So they were under the impression that he had no listed beneficiaries. They contacted us and asked for all of his children’s contact info. They never told us any amounts or anything. Upon contacting my wife’s older brother and sister they disclosed to them just how much money they would be getting if the money was split evenly. Then somehow the beneficiary list that listed just my wife and her sister pops up and they told my wife’s older brother and sister that they would not be receiving anything. They are now contesting the claim. The insurance coordinator told me that they have 45 days to provide legal basis as to why they should receive part of the payout otherwise she will disburse it to the listed beneficiaries. These two siblings were never a part of my father in laws life. Actually the brother was adopted when he was three. He is in his thirties now. I know that anyone can contest a claim. My questions are do they have any legal ground to stand on? Do we really have to wait 45 days because we are paying the funeral home with the insurance money? Can we go after the insurance company for disclosing information to them that they didn’t even tell us since they weren’t named beneficiaries? Should I be consulting my lawyer that is handling his estate just to be on the safe side? And the older sister said that if it doesn’t get split the way she wants that she will also contest his estate. Can she really cause this much problems for us. We plan on splitting the money with her just not the way she wants it. Any answers are more than welcome.