Can Life Insurance Go Into Probate?

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   Ted Ratliff

   Owner, SFS Associates,

   Life Insurance will usually avoid probate as long as the funds are left to a neamed beneficiary. If the proceeds are left to the Estate then the funds will go into Probate.  This is why it is important to review your policies every couple years.  I have seen incidences where the beneficiary passed on before the insured.  The beneficiary was not changed therefor the funds went to the estate thus probate was involved.

   Answered on June 17, 2013

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