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Thursday, February 4, 2016

Insurance Money And Murder

as reported by Samantha Spade

These murder cases have a lot of legal aftermath.  By proving he was the murderer, I prevented Johnny DoGood from getting Joe Gamble’s life insurance money. 

Life insurance companies do not give money to the murderer of the insured.  After all, if they paid the murderer, it would encourage murder for money, and there’s plenty of that kind of murder already. 

But someone will get that money.  Once again, I was called into the case, this time by the insurance company.  Tony Post was listed as back-up beneficiary and should get the money instead.  But the company didn’t know where he was, and they hired me to find him.  I found him – in September’s obituaries.

For a guy who did a new Will every month, Gamble sure didn’t keep very up to date on designating his life insurance beneficiaries.

Now the insurance company will add the money to Gamble’s estate to be given out under the Will, as there is no other alternative.  Under the policy, the insured’s probate estate was the automatic final backup. 

That means Abby Stern is going to inherit Gamble’s cash and land, plus the extra $3 million life insurance, pretty nifty compensation for a 7-year housekeeping job.  So the winner took all in Gamble’s final game of roulette.

It is important to keep your whole estate plan up to date, so that your money can be split and distributed as you want.  For help updating your plan, call my lawyers at (815) 436-1996 for an appointment. 

© 2016 Gruber Law Office, Ltd.


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