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Asked in CA May 21, 2022 ,  0 answers
If a life insurance policy designates 2 of 5 children as beneficiaries but will says divide property equally, does will control or does policy control as to proceeds of policy?
Tag: 
Probate | Trusts | Wills & Estates
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2 Answers

Anonymous
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Posted on / Aug. 17, 2009 11:46:00

Since life insurance only becomes effective at the passing of its owner, it never actually becomes part of the estate (because it has named beneficiaries), therefore, it does not fall under the distribution of a will or a trust.

Anonymous
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Posted on / Aug. 17, 2009 11:46:00

Since life insurance only becomes effective at the passing of its owner, it never actually becomes part of the estate (because it has named beneficiaries), therefore, it does not fall under the distribution of a will or a trust.

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