Legal Question in Wills and Trusts in New Jersey

Re: 712 form from insurance company

A life insurance policy is a contract. If it has a named beneficiary, the insurance is not part of the estate of the deceased, but must be paid by the life insurance company directly to the beneficiary.

Ask the life insurance company what a form "712" is. You should also ask the company, in writing, to pay the proceeds to you.

There may be a reason for the estate to report the existence of the policy, but the proceeds are not part of the estate.

This response is not legal advice, since I do not have all of the information that would be required, and I do not have a representation agreement with you.

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