Lets say the life policy holder dies, has life insurance and there are 6 beneficiaries listed, which were all living during and after the death. One of the beneficiaries dies two weeks later. What could happen her portion of the money?
The life policy holder does not have a living trust but has a will. The one who died two weeks later has a Living Trust. Could that portion of the money go into her living trust even if she is not alive at the moment? I assume they could write a check under her name and it could be legally placed in her trust even if she is no longer living. She did not die on or before the life policy holder. They say there is no secondary beneficiary listed. So even if the secondary beneficiary listed, should it go to the next descendant.