Legal Question in Wills and Trusts in Texas
Life Insurance Policy part of Estate
My daughter died and left me as beneficiary to a life insurance policy; is that part of her estate?
Asked on 12/07/06, 2:46 pm
2 Answers from Attorneys
James Grissom
Law Office of James P. Grissom
Re: Life Insurance Policy part of Estate
No. Sorry for the loss of your daughter.
Answered on 12/07/06, 2:57 pm
Peter Bradie
Bradie, Bradie & Bradie
Re: Life Insurance Policy part of Estate
Life insurance passes by contract and is not considered part of the decedent's estate; save for calculating whether the estate is taxable by the IRS. There, everything is added up to see if the total exceeds the minimum threshhold (now a sum of $2MM).
Please accept our condolences on the loss of your daughter.
Answered on 12/07/06, 4:52 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
