Legal Question in Wills and Trusts in Michigan

Is a persons life insurance considered part of their estate?


Asked on 1/14/13, 11:20 am

1 Answer from Attorneys
Timothy Klisz Klisz Law Office, PLLC

It depends on for what purpose. For taxation limits, yes. If there is a beneficiary, it doesn't go through the persons estate, so for this purpose, No. If there is no beneficiary, then yes, it would be part of the probate estate.

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Answered on 1/14/13, 11:31 am


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