A death in the family will always be devastating event. No one ever wants to have to fight a financial and legal battle after a family member’s death, but at times, it is the only path to go. This is especially true when dealing with attempting to file a claim for a life insurance policy.
Families tend to be torn when it comes to financial gain due to the death of a family member. No one wishes to actually seem like they are doing it for the gain, but it is quite understandable if they do. When the breadwinner passes away in a family, it can leave them in dire straits, and having someone else attempt to siphon off the money that is listed to the deceased’s closest family can be brutal. There are many ways this can happen, unfortunately, as it is not an uncommon occurrence.
When a life insurance policy holder gets an individual or group policy, they will generally have the option to list a beneficiary on it. This beneficiary will, upon the insured’s death, be able to file a claim in hopes that they can receive the financial gain that the insurance policy provides. This is usually a non-contested issue, as long as there are no denials in the process from the insurance company. But, sometimes there can be multiple claims made, which can result in problems for all of the parties involved.
One such way that two sets of family close to the deceased are able to send in a claim is that one party is explicitly listed as a beneficiary, and one is listed within the will of the deceased. This contrast can be very confusing, as the one listed in the will may be extremely confused. But, both may be rightly entitled to a portion of the benefits if the courts deem so.
Another instance where family disputes can arise is when no primary beneficiary is named, or when the primary beneficiary dies before the insured. This can give way to a dispute as to who is next in line to inherit, or receive, the benefits left over by the decedent.
These situations can be further complicated if something such as a trust fund has been established with the life insurance policy named as a possible bounty. These usually appear when dealing with a child associated with the deceased, or when there are multiple children that the deceased wished to care for.
There are quite a few steps and systems in place to help sort these types of issues out. But, the best way overall to take care of such disputes is to hire an experienced attorney or lawyer that is skilled in dealing with family life insurance claim disputes. They can first ensure that you have a valid case, and that you don’t get sucked into the legal swamp of paperwork. They can also help to make sure everyone is treated fairly, and no one is left out to dry in a scenario where everyone just wants closure.
If you are having troubles finding a team of experienced life insurance lawyers, look no further than our law offices. We can get you the full amount of benefits that you deserve.