On Wed, 16 Apr 2008 17:41:07 -0500, huey.callison@[EMAIL PROTECTED]
wrote:
>D.F. Manno <dfmanno@[EMAIL PROTECTED]
> wrote:
>> Mary <mrfeathers@[EMAIL PROTECTED]
> wrote:
>> > I don't understand why they think a trust or other non-human being
>> > can't be a named insured. Companies are named insured all the time.
>> > I mean, these people are working in the insurance industry,
>> > shouldn't they know this stuff?
>> The subject never came up in the two-plus years I worked for an
>> insurance company.
>
>The Army is very big on making sure that your SGLI and SF99 next-of-kin
>notification forms are complete, and I had mine set up to pay out to the
>trust in my will, since I wanted to leave some money to my then-underage
>youngest brother, and the only way to do that is through a trust. This
>is all clearly spelled out in the SGLI regulation. In spite of this, I
>generally had to carry a copy of that regulation, with the section
>labeled "TO THE TRUST IN MY ESTATE" highlighted, since the people
>responsible for seeing that the forms were completed correctly had
>apparently never heard of that.
Does anyone know how difficult - and expensive - is the process to set
up a trust? Do you still need to have a will? We currently don't have
one. (I know, I know, we've been meaning to get around to it.)
--
QueBarbara
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