I've done some reading about life insurance policy payouts when the insured has been murdered by a spouse. Apparently the individual state "slayer's laws" come into play. In many instances the secondary beneficiary can collect the proceeds. But the courts will structure the payout in a manner so that the murder cannot ever benefit from the proceeds.
Also, if the insurance company can show a court that the policy was purchased specifically with the intent to murder the insured for gain, the policy can be declared to be fraudulent and no one will get paid.
I wonder how long those various policies on TS were in existence? Wonder if she even knew about all of them?
In any case, nothing will take place until after MS is convicted of her murder.
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What with DCF being involved, I cannot imagine these children just being "sent to stay with a friend" designated by Mark. He may retain legal custody, but that does not mean that DCF cannot take over and direct the care of the girls. There are plenty of cases of children being placed in temporary foster care where the parents are not stripped of their custodial rights.
All decisions are made for the best interest of the children, not for a parent, grandparents, or anyone else.
Completely correct. The insurance carriers can not do anything until the conviction. After that, the payout bypasses the convicted beneficiary, and goes to next of kin. In this case, her children. Interestingly, while looking for the statute to back up that statement, it looks like Florida includes all property in their statute as well. The courts will act as if the convicted beneficiary predeceased the decedent, and bypass them with inheritance and wills, etc. Unless the life insurance policies were purchased right before TS's murder, the carriers would probably have to pay out. Any policies older than the two year contestability period, would most certainly have to pay out
The 2015 Florida Statutes
Title XLII
ESTATES AND TRUSTS
Chapter 732
PROBATE CODE: INTESTATE SUCCESSION AND WILLS
View Entire Chapter
732.802 Killer not entitled to receive property or other benefits by reason of victim’s death.—
(1) A surviving person who unlawfully and intentionally kills or participates in procuring the death of the decedent is not entitled to any benefits under the will or under the Florida Probate Code, and
the estate of the decedent passes as if the killer had predeceased the decedent. Property appointed by the will of the decedent to or for the benefit of the killer passes as if the killer had predeceased the decedent.
(2) Any joint tenant who unlawfully and intentionally kills another joint tenant thereby effects a severance of the interest of the decedent so that the share of the decedent passes as the decedent’s property and the killer has no rights by survivorship. This provision applies to joint tenancies with right of survivorship and tenancies by the entirety in real and personal property; joint and multiple-party accounts in banks, savings and loan associations, credit unions, and other institutions; and any other form of coownership with survivorship incidents.
(3) A named beneficiary of a bond, life insurance policy, or other contractual arrangement who unlawfully and intentionally kills the principal obligee or the person upon whose life the policy is issued is not entitled to any benefit under the bond, policy, or other contractual arrangement; and
it becomes payable as though the killer had predeceased the decedent.
(4) Any other acquisition of property or interest by the killer, including a life estate in homestead property, shall be treated in accordance with the principles of this section.
(5) A final judgment of conviction of murder in any degree is conclusive for purposes of this section. In the absence of a conviction of murder in any degree, the court may determine by the greater weight of the evidence whether the killing was unlawful and intentional for purposes of this section.
(6) This section does not affect the rights of any person who, before rights under this section have been adjudicated, purchases from the killer for value and without notice property which the killer would have acquired except for this section, but the killer is liable for the amount of the proceeds or the value of the property. Any insurance company, bank, or other obligor making payment according to the terms of its policy or obligation is not liable by reason of this section unless prior to payment it has received at its home office or principal address written notice of a claim under this section.
History.—s. 1, ch. 74-106; s. 113, ch. 75-220; s. 1, ch. 82-71.
Note.—Created from former s. 731.31.
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