• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Will- Insurance Question

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

ccarolb65

Junior Member
What is the name of your state?What is the name of your state?Massachussets
My husbands father died in june and we are not sure what to think about this,we got a copy of the will but it dose not state the life insurance policys, there were 2 one from his deceist wife and his, he held hers back till he passed, what is a life insurance policy considered? is it a bond or a personal trust, how long dose it take for a policy to go through? there are 5 children on the will but no one knows who the beneficiary is on the insurance, execpt for the executor who is not saying, yet is spending money like crazy, gee could it be him, he is suppose to split all 5 ways if he did not is there something the rest of the family can do? there is a co executor involved and he is a lawyer and told us it was a seperate situation and we would hear from the insurance company in a couple of weeks, he said he did not know who was on this policy, is this right, my husband and his sister highly unlikey think they would be left off because of what their mother told them. What can we do and were can we get a copy of the laws on this?
 


seniorjudge

Senior Member
A life insurance policy does not go through a probate estate of a decedent.

The money from the life insurance policy goes to whomever the insured (now the dead person) said who should get it (the beneficiaries).
 

ccarolb65

Junior Member
Ok but what if the WILL states to make payment or distribute in whole or in part securities of property, bond finacial instatutions and personal property?
 

seniorjudge

Senior Member
seniorjudge said:
A life insurance policy does not go through a probate estate of a decedent.

The money from the life insurance policy goes to whomever the insured (now the dead person) said who should get it (the beneficiaries).
...even if....
 

Dandy Don

Senior Member
You need to wait and see how the estate is probated. Your description of "securities of property, bond, etc." means that there are probably other assets besides the insurance policies.

DANDY DON IN OKLAHOMA ([email protected])
 

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top