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If my husband passes away ( in the state of FL) and we have

Resolved Question:

If my husband passes away ( in the state of FL) and we have a blended family do I by law have to give each of my husbands children 20% of his life insurance policy ? Even if he has a will he wrote out with specific instructions as to how much he wants to give them already? And if so is it 20% total for all the kids to share equally and split between them or 20% for each individual child to receive from the sum total of the life insurance? Do I have to by law share our personal assets such our house cars bank account saving etc. with them as will - i.e. meaning if this 20% law is true what does the 20% due to them specifically entail just life insurance or both life insurance and personal assets as well ? Does this law stand if we have a will already and override what he has specified if it is less or does it only apply if there is NO will at all? thanks :)
Submitted: 2 years ago.
Category: Family Law
Expert:  SoloLawyer replied 2 years ago.

SoloLawyer :

Hello - Thank you for contacting JustAnswer. My name is Michael; I look forward to helping you with your family law problem today.

SoloLawyer :

Who is the beneficiary of the life insurance policy?

Customer:

I am to my knowledge.

SoloLawyer : The life insurance policy immediately passes to the beneficiary upon death, keeping that account "outside" of probate. That means you can do with the money as you wish.
SoloLawyer, Lawyer
Category: Family Law
Satisfied Customers: 2949
Experience: Licensed Missisippi Attorney; Criminal Law, Family Law, Personal Injury, and Civil Defense
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