Legal Question in Wills and Trusts in Illinois
insurance
My mother died in Oct of 2005, Her estate is in probate. My Aunt put the life insurance money in with the money from the sale of the house. Does it belong there even if there were 4 designated beneficiaries?
Asked on 7/21/06, 7:34 pm
1 Answer from Attorneys
Re: insurance
Proceeds from a life insurance policy are payable to the beneficiary(s). However, if there is no beneficiary named, it may revert to the estate. Is it possible that your mother changed the beneficiaries on the policy before she died?
If you are one of the potential beneficiaries, I would recommend that you have an attorney review the policy and the probate documents to determine what your rights may be.
Good luck to you.
Answered on 7/21/06, 8:25 pm
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