Can the surviving parent of a child challenge to control the life insurance money for the child in which there was a named trustee?

Answer

That question is worded to lead me to assume that there is a trust in place. The answer then is No. Also assuming two parents, one dies and there is a child of the two. The trust is for the benefit of the child and the trustee must only utilize the money in the childs best interest. This is set up so the owner (prior) of the life insurance policy could see to it that the proceeds of said policy are used only in the childs best interest. For instance, perhaps the childs mother would buy a life policy on herself and the husband is a total bum and would drink and gamble the money away rather than sending his child to college so she would set up the trust in order that her wishes can be controlled beyond the grave. Perhaps her parent is the trustee for the child's money because she knows her Mom or Dad can be trusted but the Bum of a husband can not. 4lifeguild.com

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