Grandparent Ownership

[Speck]

By default


Age of majority is different in different states.


For instance I think in Arkansas age of majority is 10 because that's when they start losing teeth due to Mountain Dew

Yep....where the toothbrush was invented.

 

[HoosierLife]

By default Age of majority is different in different states. For instance I think in Arkansas age of majority is 10 because that's when they start losing teeth due to Mountain Dew

Oh is this a real thing?? I thought it was an auto- correct???

 

[smokin goose]

Lol, you got 2 answers...both are effectively "I don't know"

Ha! I guess I'll tell my client that I don't know and neither does anybody else. Lol.

 

[SPUR CITY]

Ha! I guess I'll tell my client that I don't know and neither does anybody else. Lol.

I told ya the answer

 

[smokin goose]

I told ya the answer

I know. Thank you. I just couldn't pass on the joke.

 

[jdeasy]

Forgive me if this is elementary. If the grandparent is the owner/payor and the grandchild is the insured. When the grandparent dies, where does the ownership transfer to?

There is not one answer. It's going to vary by company and by state. Sometimes ownership will revert to the insured and sometimes a new owner must be named.

A contingent owner named is the only way to know for sure how it will go.

 

[rousemark]

By default


Age of majority is different in different states.


For instance I think in Arkansas age of majority is 10 because that's when they start losing teeth due to Mountain Dew

That is three years earlier than Mississippi where "full grown" women marry at 13..

Great Balls of Scandal: How Jerry Lee Lewis' marriage to a 13-year-old wrecked his career | Daily Mail Online

 

[Dweezil]

That is three years earlier than Mississippi where "full grown" women marry at 13..

Great Balls of Scandal: How Jerry Lee Lewis' marriage to a 13-year-old wrecked his career | Daily Mail Online

In high school we used to joke about "If there was grass on the field, play ball!" I didn't realize it was the motto in Mississippi.