Estate of Welfer

VALLÉE, J.

Appeal by Margaret Irene Welfer from an order denying her petition for appointment as guardian of the estate of Richard Carew Welfer, a minor aged 15

[264]

years, and appointing Ida R. Welfer as guardian of the estate of the minor.

The sole estate of the minor consists of part of the proceeds of an insurance policy upon the life of his deceased father, Clarence R. Welfer, in which the minor was named as one of the beneficiaries. The policy reserved to the deceased the right to change beneficiaries. The deceased left an holographic will, admitted to probate, which provides: “The insurance money due my son Richard is to be handled and spent by her [Margaret Irene Welfer] for his care and education, when and how she sees fit to do so, with no bond or accounting necessary,”

Ida R. Welfer, the mother of the minor, with whom he. resides, petitioned for appointment as guardian of his person and estate. Appellant, Margaret Irene Welfer, the widow of Clarence R. Welfer, also petitioned for appointment, but only as guardian of the estate of the minor. Her petition is grounded on the provisions of the will.

The court found that neither of the petitioners is unfit to act as guardian of the estate of the minor; that the minor nominated Ida R. Welfer to act as his guardian and expressed such preference to the court; and concluded that the petition of Ida R. Welfer for appointment as guardian of the estate of the minor be granted, and the petition of Margaret Irene Welfer be denied. An order followed accordingly.

The sole question is whether an individual beneficiary named in an insurance policy upon the life of the insured takes the proceeds by succession upon the death of the insured.

Section 1402 of the Probate Code provides:

“A

parent may appoint a guardian by will or by deed for the property of any child of such parent, living or likely to be born, which such child may take from such parent by will or succession.” This section limits the power to appoint a guardian by will to that property of the testator taken by the minor by will or succession. Appellant contends the proceeds of the insurance policy passed to the minor beneficiary by succession, that section 1402 is controlling, and compels her appointment.