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Pitstop

Guest
My mother passed away recently leaving a will naming me as executor, $40,000 in credit card debt and her "estate" consists of an auto worth what is owed on it and about $5,000. I want to purchase the car from the estate by paying off the auto loan. Do I have to go thru the expense of probate just to get the title to this auto in my name when there is not estate? Also, I am the beneficiary of a $5,000 life insurance policy she owned...are those proceeds mine or do they have to go into the estate?

[This message has been edited by Pitstop (edited March 05, 2000).]
 


ALawyer

Senior Member
The insurance proceeds are yours, and will be paid to you directly if you file the claim form.

The car usuaully can be handled using the state's procedure for simplified administration or probate.
 

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