Life Insurance Beneficiaries Minors
if a parent dies, and life insurance. beneficiary is a minor, can the father of the child (ex-wife) spend the money?
concerned that the surviving parent (Guardian) spend the proceeds of life insurance before the child is old enough to claim the life insurance product.
Possibly, if the surviving parent is the trustee. You could establish a trust for the child to the insurance payment would go there and away from parents. Consult a lawyer for this.
