Life Insurance when proposer has died

Swindonian_Mum_of_5

My husband and his mother (L) are the excuctors of his grandmother's (his monther's mother) estate. I'll call her R. She has left 60% of her estate to aformentioned daughter (L) and 40% to her son (B).

She had two very old Liverpool Victoria whole of life policies. One was taken out by her mother (M), the other by her husband (H). Both now deceased. Liverpool victoria have paid out to the excutors without problem, didn't even wait for probate, sent on death cert (low value ~£450 combined). The problem we have is thus:

Do these follow her Will, i.e. a 60/40 spilt or, if not, to whom should they be paid.

For the first policy (the one taken out by M), M's estate was paid to her children R and K. K died and left his estate to wife J. They have no children. Should this go half to J and half to R's estate. Then should R's half be split 50/50 or 40/60 to B and L?

For the second policy (the one taken out by H), H died without making a Will, leaving everything to R. Should this be split 50/50 or 40/60 to B and L?

To make matters worse, Liverpool Victoria didn't give details of what they paid out on each policy was, just the combined total but I'm sure they'll give details if asked.

As B isn't too happy about not being an excutor and getting less than his sister, we need to get this right even though it's a very small amount!

Any help would be greatfully received

paddedjohn

Sorry your post is too hard to read/understand due to all your abbreviations. Can you rewrite it in plain English please, it looks too much like a maths equation.

phill99

Your post sounds like one of those children's mats problems: if it takes 2 men to dig a ditch in 3 days, how long would......

forgotmyname

Where did M come from? Whose mother is M or who is M the mother of?

and B ?

I think the answer is 47 anyway.

Personally if anyone argues over a will, I would tell everyone how badly they are behaving at such a sad time. Just thinking about money and I would give the lot to charity. And make sure its in CASH so no way for them to try and get it refunded back.

kingstreet

Why in God's name would a mother leave 60% of her estate to a daughter and 40% to a son? A blueprint for a family rift for years and years...

I would suggest if L and B are both still alive they be given 50% of the proceeds each in an endeavour to correct what will be obvious ill-feeling between the siblings.

However, if the policies were taken out on an own-life, own-benefit basis, the funds pass into the estate of the deceased and should be distributed in accordance with the will; further compounding the "offence" to the brother, I expect.

Is there no chance L would accept they get 50% of the whole estate each? I'd certainly do that for my sister if my Mum was that stupid.