Tag Archives: life insurance policy
Will Life Insurance Proceeds Have to Go Through Probate?
One common question people with life insurance policies have is whether or not they need to worry about proceeds from those policies passing through probate. The good news is that rarely will those payouts be subject to the probate process, so long as you have stayed up to date with your beneficiary designations. However, if […]
Factors to Consider When Choosing a Life Insurance Policy
A life insurance policy can be a very valuable asset in your estate. Therefore, it’s important to carefully consider the kind of policy you want and the amount of life insurance benefits you wish to purchase. Here are just a few examples of some of the factors that should play a role in your decision […]
Do Life Insurance Proceeds Go Through the Probate Process?
In most circumstances, life insurance payouts do not go through probate. As long as you have your beneficiary designations in order, there should not be any issue with your chosen beneficiaries getting the money they are owed after you pass. However, you may need to conduct some extra planning if you will potentially owe estate […]
Does Insurance Money Get Processed Through Probate?
When someone close to you passes away, it can be very difficult to think about practical matters like settling that person’s estate. There are bound to be many questions related to this process, especially when it comes to items like the deceased individual’s life insurance policy. One of the most common questions that people want […]