Legal Question in Wills and Trusts in Tennessee
is life insurance considered part of someones estate.
Asked on 7/30/09, 7:25 pm
1 Answer from Attorneys
Life insurance is considered part of the estate for Estate Tax purposes, but it is not part of the probate estate.\n\nLife insurance passes to a beneficiary based upon the beneficiary designated in the policy and not based upon a will or the laws of intestacy.
Answered on 7/31/09, 5:42 am
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