Does a closed estate have to reopened if a life insurance policy is found and the surviving heirs are not listed as beneficiaries?

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Does a closed estate have to reopened if a life insurance policy is found and the surviving heirs are not listed as beneficiaries?

My father’s estate has been closed for some time now. I received word by mail from a life insurance company that he had insurance that I was not aware of. My grandfather who pre-deceased my father was listed as the beneficiary. Does the estate have to be reopened in order to receive the monies?

Asked on February 29, 2012 under Estate Planning, Indiana

Answers:


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