Thought I would see if any other readers have had to deal with this issue.
Our father passed away October 2013. My three siblings and I were listed on his life insurance policy.Three of us submitted our claim and received our payment. One of my siblings is dealing with a mental health issue and did not process the paperwork. Received a call from the life insurance company last week that they did not receive paperwork to release the funds and if they do not receive soon the money will go to the state. Once the money goes to the state is there anyway to recover? If someone is suffering from mental health and does not comprehend or follow through on any financial issues is there anything that can be done if they do not agree to be assisted or to have a power of attorny assigned to them to handle their affairs?