Legal Question in Insurance Law in Mississippi

if i make someone a beneficiary to my life insurance and have a letter from that person stating he will give the money to my grandchildren, will that hold up in court if he fails to do that?


Asked on 11/07/11, 8:04 am

1 Answer from Attorneys
Wayne Woodall Wayne Woodall Attorney

NO. HE OR SHE CAN CHANGE HIS (HER) MIND WITHOUT CONSEQUENCE. NAME "______________________ (SOMEONE) FOR THE BENEFIT OF THE CHILDREN JOHN AND MARY SMITH TO BE DIVIDED EQUALLY AMONG THE CHILDREN" ON THE BENEFICIARY FORM. CHANGE YOUR BENEFICIARY FORM TO DO THIS.

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Answered on 11/08/11, 6:15 am


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