Legal Question in Credit and Debt Law in California
life ins beneficiary responsibilities
is the beneficiary of a life ins policy responsible for paying out of the money he/she gets from the deceased all the debts he/she left behind?
2 Answers from Attorneys
Re: life ins beneficiary responsibilities
No, not generally. As a general rule, the proceeds of a life insurance policy are not part of the deceased person's estate, so the creditors cannot touch it. That is not, however, always the case, so I would suggest that you meet with a probate attorney to verify that.
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Re: life ins beneficiary responsibilities
No
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