After Josh killed himself and his two young sons in a fiery explosion, his siblings are trying to claim a $2.5 million life insurance payout!
Months before killing himself and his two sons in a tragic murder-suicide — Braden, 7, and Charlie, 5 — Josh Powell altered the terms of a $2.5 million life insurance policy on himself, his sons and his missing wife Susan Cox Powell to have his brother be the main beneficiary, according to ABC News. Now his siblings are trying to claim the money!
Because Josh is considered a “slayer” of his kids and a “person of interest” in Susan’s disappearance, the insurance is petitioning the court to see who should receive payment because Josh’s actions could disqualify him and his family as beneficiaries.
Months before killing his young sons, Josh changed the family’s insurance to designate his brother, Michael Powell, as the main beneficiary, and his father and sister were to receive smaller percentages.
The insurance was taken out in 2007 for $1 million on each Josh and Susan and $250,000 riders on the sons. Later, the couple set up a family trust and designated each of their fathers as beneficiares.
Two years later, Susan disappeared. Police never located her body or made arrests, but Josh was the only person of interest. In October 2011, Josh changed the beneficiary of the life insurance to his siblings. These changes resulted in Susan’s dad, Chuck Cox, to lose his claim.
Two months later, Josh changed the information again to designate his brother as the main beneficiary. He made the final changes on Dec. 3, and then killed himself and his two kids on Feb. 5.
Nine days later, Michael and Josh’s sister, Alina Powell, contacted New York Life Insurance Co. to make a claim.
The company is asking U.S. district court to decide whether or not the family has a rightful claim to the money.
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