by dmlawstudent » Tue May 25, 2010 05:38 pm
My dad passed a way and left a last will and testament he also had life insurance policies. now the Life insurance policies were done way before his passing. In his will he said that any monies that are left after bills and just debts will be split into 1/3 between beneficiaries does that mean life insurance and checking account and any last checks from his work also. Now another question my mom is draining all the accounts and not following the will she wont even let the will be read. What can we do
Posted: Wed May 26, 2010 03:01 am Post Subject:
Life insurance would not be included if there are living named beneficiaries. Life insurance proceeds skip the probate process in most cases.
In some states the Will is irelevant. Assets pass to the surving spouse (if there is one) and there is no requirement to open an estate. Check with an attorney to find out how to proceed.
Posted: Wed May 26, 2010 10:53 am Post Subject:
Now another question my mom is draining all the accounts and not following the will she wont even let the will be read. What can we do
Were mom and dad still legally married when dad passed away?Add your comment