Legal Question in Wills and Trusts in California
Are life insurance proceeds part of a deceased's estate?
My father died leaving a $12,000 life insurance benefit to my mother. They were married and living together. He also left a $3,000 balance on a credit card that was in his name only and under his control. Is the life insurance benefit considered a proceed of his estate? Is my mother responsible to pay the credit card balance? There are no other assets in his estate.
Asked on 8/14/01, 2:22 pm
1 Answer from Attorneys
Ken Koury
Kenneth P. Koury, Esq.
Re: Are life insurance proceeds part of a deceased's estate?
No, it is owned by your mother and she does not have to pay the credit cards.
Answered on 8/15/01, 8:03 pm
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