Legal Question in Wills and Trusts in Tennessee

is life insurance considered part of someones estate.


Asked on 7/30/09, 7:25 pm

1 Answer from Attorneys

Life insurance is considered part of the estate for Estate Tax purposes, but it is not part of the probate estate.\n\nLife insurance passes to a beneficiary based upon the beneficiary designated in the policy and not based upon a will or the laws of intestacy.

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Answered on 7/31/09, 5:42 am


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