LIFE INSURANCE
Published (2009-11-21 00:00:00)
A GRANDMOTHER TAKES OUT A POLICY ON HER GRAND CHILDREN WHEN THEY ARE VERY YOUNG, THE GRANDMOTHER DIES IN 2006 THE GRANDS ARE ALL OVER 40 YEARS OF AGE THE AUNT HAS POWER OF ATTORNEY OVER THE ESTATE DOES THAT MEAN THE AUNT HAS POWER OF ATTORNEY OVER THE POLICIES? THE GRANDS DONT HAVE THE PHYSICAL POLICIES Answer By law, any policy on a minor, the ownership of the policy reverts to the minor after they become of age, 18. So...