QUESTION
Does a recent will supersede an old insurance policy beneficiary?
Asked on Aug 12th, 2011 on Estate Planning - California
More details to this question:
Does a recent will supersede an old insurance policy beneficiary?
6 ANSWERS
Glen Edward Ashman
No. Wills have no effect on insurance beneficiaries.
Answered on Aug 14th, 2011 at 3:21 PM
Probate Attorney serving Newport, OR
at
Minor, Bandonis & Haggerty P.C.
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No, if an individual beneficiary is named. The insurance company will pay to the named beneficiary, as a matter of the contract between the owner of the insurance policy and the company. A will will not affect this payment.
Answered on Aug 13th, 2011 at 11:41 AM
The short answer is no. Generally, life insurance policies transfer outside of a will (meaning they are not controlled by the distribution in a will).
Answered on Aug 13th, 2011 at 11:33 AM
3 Awards
No. Accounts or insurance policies with a beneficiary named on the account or policy pass to the named beneficiary, not pursuant to a Will. The asset with a beneficiary is not subject to probate. Sincerely, dara j goldsmith
Answered on Aug 13th, 2011 at 11:18 AM
Business/Commercial Attorney serving Centralia, WA
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Olson, Althauser, Samuelson & Rayan, LLP
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No, a beneficiary designation on an insurance policy generally always trumps a will designation.
Answered on Aug 13th, 2011 at 10:54 AM
1 Award
No a will does not supercede beneficiary designations
Answered on Aug 13th, 2011 at 10:53 AM