Legal Question in Wills and Trusts in Texas
If a will states that everything that is left behind after death is to be split equally between four siblings, does this include a life insurance policy that named a designated beneficiary or is he entitled to keep it all for himself ?
Asked on 6/04/12, 7:32 am
2 Answers from Attorneys
Donald McLeaish
McLeaish&Associates;, P.C.
insurance is distributed by contract to beneficiary...and not part of probate estate..so the beneficiary may keep the money
Answered on 6/04/12, 7:45 am
Typically, life insurance is not included in the estate, and is not distributed by will. The exceptions are if there is a court order directing otherwise (such as in a divorce or lawsuit) or the will specifically names a trust.
Answered on 6/04/12, 8:10 am
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