Full question:
Party A has several relatives that are looking to inherit money and/or property once Party A dies. Party A has decided who will get what in the will and in insurance policies and does not want it contested. What can Party A do to keep the will from being contested?
- Category: Wills and Estates
- Date:
- State: Alabama
Answer:
Party A can consider adding a non-contestability clause to their will. This clause aims to discourage beneficiaries from contesting the will by stating that if they do, they will lose their inheritance, which will be redistributed to other beneficiaries. However, in some jurisdictions, courts may not enforce these clauses, allowing wills to be contested despite their presence.
Additionally, non-contestability clauses can also apply to life insurance policies, preventing companies from denying payouts due to fraud or errors. In some states, life insurance companies have a limited time to contest claims.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.