Advice Column –
Sep. 24, 2020 – Dear Barry, If your wife dies first, your $100,000 insurance policy will pass to the alternate beneficiaries that you named on the insurance company beneficiary form.
If you did not do so, the policy will pay to your probate estate, passing to whoever your will name as beneficiaries or your son if you don’t have a will.
If your wife survives you and gets the money, she’s under no legal obligation to spend it on your son’s behalf. But you know her better than we do.