Legal Question in Wills and Trusts in Virginia

my brothers' dad just died and their was no will his insurance beneficiary's were his dads sisters my brothers' half brother and half sister decided that my brothers older brother become executor of estate he had no mortage insurance and still owed 150,000 on his home and land still owed 25,000 on his vehicle ...he was divorced his name was the only one on the mortage and vehicle he had 200,000 life insurance my question is does the life insurance money have to be used to pay off his home and vehicle or can they let the mortage company foreclose on the property and let the vehicle be repoed and then split the insurance money.....Please help thank you

Asked on 5/19/10, 1:15 pm

Michael Hendrickson Law Office Michael E. Hendrickson

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The proceeds from the life insurance policy can be paid directly to the named

beneficiaries in the policy without becoming involved with any estate that

might be opened in behalf of the decedent to settle other matters connected with

his demise.

Answered on 5/25/10, 4:25 am

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