Legal Question in Wills and Trusts in Alabama
My mom died in 2001. She had a life insurance policy that we did not collect on. My dad, who proceeded her in death, was listed as the only beneficiaries. This policy was forgotten until recently. We learned that the proceeds from this life insurance policy was sent to the state. As her surviving kids, what do we have to do to collect this from the Alabama\'s unclaimed property? How do we establish that we are the beneficiaries?
1 Answer from Attorneys
There is a process for collection from the State. I believe you can go to the web site for the Secretary of State and there is a listing of money that has been deposited with the State. It would have to be paid out to her estate, or one would have to be opened. Then probate law would apply as to how much each sibling would get and the costs for the process.
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