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Question for the Money Doctors

Question submitted on Jan 7, 2014.

Question

I am a mother of 2 boys under 18 years old, my husband decided to put his sons as the beneficiary of his life insurance. My question is do I have the right to claim my sons proceeds?

Answer

Your question is legal in nature and the rules vary by state along with the makeup of your combined assets. Please consult an estate tax lawyer for a specific answer to your question. I hope that this helps aim you in the right direction.


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