Legal Question in Wills and Trusts in Virginia
Is it legal for an executor of estate to withhold monies from insurance policy instead of dispersing it equally among each sibling?
Asked on 6/03/12, 8:19 pm
1 Answer from Attorneys
Paul B. Ward
Law Offices of Paul B. Ward
If the insurance was payable to the estate, it is; the executor needs to determine the debts and assets in the estate before making final distribution.
If the insurance policy was payable to the siblings, the executor would have no power over when it gets paid; that would be up to the insurance company.
Answered on 6/04/12, 7:55 am