When a parent dies, is the surviving parent required to share the life insurance with the adult children?
2 Answers from Attorneys
The beneficiary of the policy gets the proceeds. If no beneficiary then the proceeds get paid to the probate Estate and distributed per the Will or per intestacy if no will.
Mr. Stein is correct in his response. If I can be of assistance, please contact my office for an appointment. 904-997-1031