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In: Life Insurance
2 Jul 2010For the insured, if there is no will? It is a law in family law, which denies the ex-spouse, no new name after a divorce or a divorce decree stating the recipient is available, but it is not on the ownership position. The insurance contract states that the owner is in the second row for a product if any recipients. I like both positions. Now the insurance co. Interpleader filed in the Federal Court decision. Who wins?
NO. The owner – you – the control of the beneficiary clause, and so long as the recipient is not the money outside of the settlement.
You probably need a lawyer in your state probate consult – could this clause if the recipient is registered as a “spouse” instead of “Mary Brown”.
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