I suspect my stepmother has excluded me from being a beneficiary of my late father’s life insurance policy. What can I do?

My father passed away in March 2019. My stepmother told me that I inherited it from him. She stopped contacting me after my father passed away. I contacted the Department of Financial Services website for lost life insurance policies and received a letter stating that my father was a participant, but had designated someone other than me. beneficiary.

My stepmother had a bad time at times. In the past, she stole money from her sister’s bank account while working for the financial institution she now runs. Her sister did not press charges, so the matter was dropped by my father, with whom she was having an affair. Could it be that she changed beneficiaries, and could forge anything on my father’s behalf?

My family also suspects she tried to withdraw the money is different life insurance policy of which I am a 51% beneficiary. She sent me a check after my dad passed away saying it was a “gift” and called me almost two years later to say a policy had just been “found” with me as the beneficiary. enjoy 51%. I suspect she is the 49% beneficiary. Worse yet, that policy is through her place of business.

Doubtful Daughter


Everything is possible. It sounds like you’re dealing with an unknown amount and shouldn’t be trusted to give her other people’s money. From your account, your stepmother doesn’t appear to be a decent person, as she is said to have stolen money from her sister’s bank account. Maybe she can’t pay the contract herself when you get the 49% – hence the delay – but with the split outlined in the contract, it doesn’t seem like she can keep the entire contract for only me. The executor is responsible for handling the estate in a timely manner.

It is not uncommon for people to question an amendment that has been made to a trust, insurance policy, or last will and testament. Priscilla Presley, the ex-wife of Elvis Presley, the “King of Rock and Roll” who died in 1977, filed legal documents with the Los Angeles Superior Court last week, challenging the validity of an amendment. for the living trust overseeing her estate. daughter, late Lisa Marie Presley, passed away earlier this month. The 2016 amendment removed Priscilla Presley and a former business executive as trustees, Associated Press reports.

Among the issues cited in the legal filings: Priscilla Presley allegedly failed to notify the requested change, there were no witnesses or notaries, Priscilla Presley’s name was misspelled in one The document is believed to have been signed by her late daughter, and by the name of Lisa Marie Presley the news agency also reported that his own signature was described as atypical. In addition to questions surrounding the authenticity of wills, alterations, trusts and — in your case — insurance policies should always meet certain legal standards.

It is not uncommon for people to question an amendment that has been made to a trust, insurance policy, or last will and testament.

“Last-minute changes in beneficiaries could be a warning sign for life insurers.” according to “Typically, the person insured by a life insurance policy can change their beneficiary whenever they want, as long as the change complies with any specific requirement in the policy. life insurance. However, when the insured is elderly, seriously ill or mentally disabled and the change of beneficiary occurs shortly before the insured person’s death, they may have been affected by others.”

“For example, an estranged caregiver or family member can persuade or influence a vulnerable insured to add them as a beneficiary to the insured’s life insurance policy. risk or eliminate other beneficiaries,” the company said. Furthermore, “Life insurance companies may also deny a claim if a beneficiary changing beneficiary does not comply with the requirements of the insured’s life insurance policy. Some policies may require the insured to have a certain number of witnesses,” it added.

Depending on the amount involved, you may want to hire an attorney to see if you have a case and/or to give you peace of mind. The statute of limitations – that is, the length of time you have to challenge the validity of a life insurance policy – can vary, depending on the circumstances, the state where you live and/or whether new information is made available. light or not. “The statute of limitations, in most cases, lasts three years. But not always, “follow Life Insurance Dispute Resolution Centeran insurance agent in Washington, DC

She stopped talking to you after your father passed away: Maybe she’s protecting what’s left of his estate and figuring out what she can shoulder on her own. Or maybe you guys don’t get along and there’s no way to avoid communication interruptions. Or both. Are there any changes made to your father’s policy that would raise a red flag? That is not clear. Your stepmother may have learned a lesson when she wasn’t prosecuted by her sister for alleged financial misconduct.

And, again, maybe not.

friendfriend You can email The Moneyist for any financial and ethical questions regarding the coronavirus at [email protected] and follow Quentin Fottrell on Twitter.

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The Moneyist regrets that he was unable to answer each question.

More from Quentin Fottrell:

My mother excluded me from her will – before her death, my siblings withdrew money from her annuity contract of which I was the beneficiary. Should I sue my family?

‘I am pure and sane’: My late father left me 25% of his fortune and 75% to my rich brother. My brother passed away 10 months later. Should I ask for his son’s share?

‘Still in pain’: My wife, 1 year old, left me, took all my belongings and didn’t answer the phone How to protect my finances?


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