QUESTION
Does that policy get put into the estate?
Asked on Mar 10th, 2015 on Estate Planning - Pennsylvania
More details to this question:
My father’s girlfriend passed away. The will states that all her belongings go to him and she left him as the executor of her estate. Now the woman really did not own much however there is a life insurance policy that has no one listed as a beneficiary. She had children but they are not listed at all in the will or on the policy for the life Insurance.
1 ANSWER
3 Awards
My feeling is that the insurance company will only make it payable to the estate as there is no listed beneficiary. This will require opening an estate. With no will, heir familial heirs will inherit from her under the PA intestate statute. Sometimes an insurance company will release the money to those heirs if they sign an affidavit. I doubt if your father will inherit from the insurance policy.
Answered on Mar 12th, 2015 at 5:29 PM
William R. Pelger, Attorney Munhall, Pennsylvania 412-461-1900