life insurance/probate

[t99thumper]

I live in Colorado, and I am confused about when life insurance benefits are included in the deceased's estate, and under the rulings of probate court. If a life insurance policy has a clear beneficiary, is it still considered a part of the policy owner's estate?

 

[Dandy Don]

No it is not considered part of the policy owner's estate.

 

[I AM ALWAYS LIABLE]

No it is not considered part of the policy owner's estate.


=====================================

My response:

That is a correct statement. The policy money, at the death of the policy owner, bypasses the Estate of the policy owner and is paid directly to the Beneficiary of the policy.

IAAL