How to fairly distribute life insurance money to family members?
by admin ~ November 7th, 2009 . Filed under: Family .
Marjery B asked:
I have a strained relationship with 3 brothers, father. The oldest brother, David, had mental health issues. I borrowed him large sums of money for rent/food. No one else supported me, or supported David. They said they couldn’t afford it-debts. David would have been homeless. David started to do well again. He had a good job. He succumbed to his mental illness & killed himself. David’s life insuarnce money is here. He left no beneficiery. A ******* note was addressed to me as next of kin. My Dad turned the money over to me to distribute as diplomatically as possible. My Dad only instructed me to reimburse myself for Brother’s debt to me and my funeral expenses. My other two brothers want ‘thier fair share’ (equal 1/4 of money) like a week ago-they have debts, etc My first inclination is to set up 529C college savings accounts for my children and nieces and nephews that will never know their uncle-and/or donate to mental health research/suicide hotline.
Charlie Goldinger
I have a strained relationship with 3 brothers, father. The oldest brother, David, had mental health issues. I borrowed him large sums of money for rent/food. No one else supported me, or supported David. They said they couldn’t afford it-debts. David would have been homeless. David started to do well again. He had a good job. He succumbed to his mental illness & killed himself. David’s life insuarnce money is here. He left no beneficiery. A ******* note was addressed to me as next of kin. My Dad turned the money over to me to distribute as diplomatically as possible. My Dad only instructed me to reimburse myself for Brother’s debt to me and my funeral expenses. My other two brothers want ‘thier fair share’ (equal 1/4 of money) like a week ago-they have debts, etc My first inclination is to set up 529C college savings accounts for my children and nieces and nephews that will never know their uncle-and/or donate to mental health research/suicide hotline.
Charlie Goldinger
November 9th, 2009 at 8:42 pm
I would re pay yourself the money you put in and then donate the rest.If the others couldn’t be bothered when he was alive then they should not benefit from his death. Deepest sympathy!!!
November 10th, 2009 at 5:24 am
The decision to stick to stick to support to have with the thought of relationship you when you could to say take care of you to support and expecting death money to do what youre children let it also be prepared good luck to do what type of ******* help him but they are still being selfish.