Don’t gamble on grandma, N.J. court says in life insurance dispute -...

Don’t gamble on grandma, N.J. court says in life insurance dispute  NJ.com

On paper, Nancy Bergman was wealthy, with a net worth of more than $9 million and a series of life insurance policies valued at $37 million. In reality, the retired school teacher had a $3,000 monthly income and her estate was worth, at most, $250,000 when she died at age 89 in 2014, court documents show. But a Lakewood-based trust started by her grandson, Nachman Bergman, put her at the center of multiple lawsuits across several states, as insurance companies and financial institutions fought over who was owed what in an alleged life insurance scam. On Tuesday, the New Jersey Supreme Court...