Is a persons life insurance considered part of their estate?
Asked on 1/14/13, 11:20 am
1 Answer from Attorneys
Timothy Klisz
Klisz Law Office, PLLC
It depends on for what purpose. For taxation limits, yes. If there is a beneficiary, it doesn't go through the persons estate, so for this purpose, No. If there is no beneficiary, then yes, it would be part of the probate estate.
Answered on 1/14/13, 11:31 am
