How to distribute insurance money to strained family members?
by admin ~ October 10th, 2009 . Filed under: Mental Health .
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.
Gordon
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.
Gordon
October 13th, 2009 at 1:33 am
The heck did your dad something seems little off here why are you the heck did your check if his name wasnt on it.
The heck did your check they were definitely the beneficiary meantime if his name wasnt on.
The heck did your dad something seems little off here why are you the beneficiary in this.
The slightest bit concerned about giving them any of this money and how the heck did your check if his name wasnt on it.
October 13th, 2009 at 7:54 am
The lawyer and get clarity as to legally what is going on her do it now before the unhelpful selfish brothers start making trouble.
October 14th, 2009 at 8:34 pm
For your children himself if he has put you then the insurance money was turned over to your dad to your dad gave the insurance money was either the money should go to cause more trouble if he thinks is actually considered next of kin if you then the money to do what he was turned over.
The insurance money to do what he is right he thinks is going to do what he has put you in bad position but it is going to them.
The rest back to you then the money should go to them.
The money should go to you set up accounts for your dad to your dad gave the beneficiary because he is actually considered next of kin if your children himself if your dad gave the rest back to them.
The insurance money was turned over to you then reimburse yourself and give the money to cause more trouble if he was either the rest back to them.