Life Insurance Beneficiary Designation Form
Can I make my beneficiary to the state of my life insurance?
I have about $ 800,000 in life insurance. I am divorced and has some other assets too. My will is set-up that my five children, each will receive a 20% in addition to his mother and my mother some money. Can I get my "heritage" the beneficiary of my life insurance after my death and then those funds would only be part of all assets to be allocated if so, is there any language special need to use the designation of beneficiary form? Thank you.
Since others have said, your best interest for their children to receive the money is to list as beneficiaries, not inheritance. You can list one by one, each getting 20%, or whether to include his mother and his mother can be divided by percentage or amount of money … Son # 1 gets $ 100 mil, the mother receives $ 50 thousand, the wife gets $ 15 billion, and so on. Each time the list of assets that the beneficiary, as the other posters have said here, it may be time to get the money to heirs and will be attacked by creditors and the first hospitals, years may pass before the heirs to see the money. If they show themselves as beneficiaries could see the money within 2 weeks depending on the insurance company.
