Life Ins Policy Check received

[murphyb]

State of NY. Dad passed away leaving me as sole beneficiary on Life Ins Policy. Do I need to disclose this check that I received from Ins. Co.to the Atty handling dad's estate? Does it need to be deposited into Estate Acct or can I keep it myself?

 

[seniorjudge]

State of NY. Dad passed away leaving me as sole beneficiary on Life Ins Policy. Do I need to disclose this check that I received from Ins. Co.to the Atty handling dad's estate? Does it need to be deposited into Estate Acct or can I keep it myself?

That check does not go through probate and it is no one's business but yours.

 

[murphyb]

Dad's Life Insurance

State of NY. Thank you SeniorJudge for your quick reply. One more thing....When my dad passed away recently, he also had a small life ins. policy thru his former employer. My Mom was the beneficiary, but she also died before he could change a beneficiary to one of us children. The check is in the process of between mailed out to each of dad's 5 kids. Do we deposit these to his estate acct? Thank You!!

 

[seniorjudge]

State of NY. Thank you SeniorJudge for your quick reply. One more thing....When my dad passed away recently, he also had a small life ins. policy thru his former employer. My Mom was the beneficiary, but she also died before he could change a beneficiary to one of us children. The check is in the process of between mailed out to each of dad's 5 kids. Do we deposit these to his estate acct? Thank You!!

That check does not go through probate and it is no one's business but yours.