If a persons life insurance did not specify any berneficiarys by name but does have living children and stepchildren and the will states that the estate will be divided equally between biological children and step-children is the life insurance then a part of the estate and to be divided equally? Or is biological reltives only entitled to insurance? I live in the state of Michigan. Am wiondering because my step-fathers will specfied for the estate to be split equally but his children are saying the life insurance is not considered part of the estate even though the only person listed as beneficiary is my mother and she has passed as well.
Asked on 1/15/13, 3:28 am
1 Answer from Attorneys
Timothy Klisz
Klisz Law Office, PLLC
Yes, it is an estate asset because there is no living beneficiary. It should go into the probate estate and divided per the will.
Answered on 1/15/13, 10:19 am
Related Questions & Answers
-
Is a persons life insurance considered part of their estate? Asked 1/14/13, 11:20 am in United States Michigan Probate, Trusts, Wills & Estates
