A couple had been married for approximately one year. Husband is a realtor and wife was a school teacher. Wife had a life insurance policy with the school district in the amount of $100,000 naming her parents as beneficiaries of the proceeds. Wife also had a will, which directed that "all assets" should be distributed to her husband as the beneficiary of her estate. The couple was involved in a car crash and wife instantly was killed. Husband presented a death certificate to the life insurance company to collect the $100,000 proceeds. The insurance company paid the proceeds to wife's parents as the named beneficiaries on the life insurance policy. The husband, as the executor of wife's estate, sued wife's parents and the insurance company for the $100,000 proceeds under the life insurance policy arguing that he is entitled to the proceeds under wife's will, which directed that "all assets" are to go to him. Who is entitled to the life insurance monies? You decide. Fully explain by referencing source materials provided in this week's lesson (You need to reference more than just the Power Point). Your response to my question should include in-text citations of sources and a works-cited section. Make certain to reply to two students' posts for full credit. Please keep in mind that I encourage independent research. (This actually is a real-life story and I know husband and knew wife). A couple had been married for approximately one year. Husband is a realtor and wife was a school teacher. Wife had a life insurance policy with the school district in the amount of $100,000 naming her parents as beneficiaries of the proceeds. Wife also had a will, which directed that "all assets" should be distributed to her husband as the beneficiary of her estate. The couple was involved in a car crash and wife instantly was killed. Husband presented a death certificate to the life insurance company to collect the $100,000 proceeds. The insurance company paid the proceeds to wife's parents as the named beneficiaries on the life insurance policy. The husband, as the executor of wife's estate, sued wife's parents and the insurance company for the $100,000 proceeds under the life insurance policy arguing that he is entitled to the proceeds under wife's will, which directed that "all assets" are to go to him. Who is entitled to the life insurance monies? You decide. Fully explain by referencing source materials provided in this week's lesson (You need to reference more than just the Power Point). Your response to my question should include in-text citations of sources and a works-cited section. Make certain to reply to two students' posts for full credit. Please keep in mind that I encourage independent research. (This actually is a real-life story and I know husband and knew wife)
