My late mother-in-law added only my brother-in-law as the beneficiary of her life-insurance plan worth $1 million, but she stated in her will that he is to share it with my husband. Moneyist, is there anything we can do so my husband can get his share?
Dear Quentin, My husband and I took care of my mother-in-law for eight years. Around five years ago we gave up the house we were renting to save her home because she could not afford it, and because she could no longer live alone. We ended up taking out a loan to buy her house. It was not gifted and we did not incur her debt; instead, we paid what the house was appraised for.
It’s likely that your brother-in-law is well aware that you purchased your mother-in-law’s house, and that any profit she made was deposited in her bank account and used for her care. It never hurts to put such transactions down in black-and-white. Seeing that may — or may not — change his opinion. “You got the house” gives him an easy, if not convincing, “out.”
You and your husband are, on the other hand, probably out of luck and must rely on the discretion of your brother-in-law. It sounds like he’s either disgruntled with the way you handled the property purchase and/or he knows that the $1 million insurance policy belongs to him regardless of the will, and he’s already dreaming up plans to spend the money.
France Dernières Nouvelles, France Actualités
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