Found life insurance policies

UPDATED: Oct 1, 2022

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Found life insurance policies

In my grandparents house I found paperwork on 3 life insurance policies that I have
now since discovered were never claimed. Two policies on my grandfather and 1 on
my grandmother. My grandfather died 2 months before my grandmother, leaving
his estate to her. She was the beneficiary on the policy. When my grandmother
died, she left 1/2 of her estate to my mother 1/2 to my 2 cousins. My mother
passed 6 months ago, my brother passed 1 month ago, and I am her only surviving
child. Who gets the insurance proceeds?

Asked on November 9, 2018 under Estate Planning, Texas


M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 4 years ago | Contributor

I am so sorry for your losses.  This is like a puzzle.  So the first thing I need to clarify is if the life insurance policies had benficairy designations on them.  If they did then those poeple inherited the policies.  If they did not then the policies are paid out to "the estate of...."   If no beneficiaries then your grandfather's policies went to his estate which was left in total to your grandmother.  Your grandmother's estate went as you stated.  Your Mother's estate - if she died without a Will - is distributed via intestacy.  If only you and your brother then you both inherited half of it at the time of her death.  Now, your brother's estate - if he had no Will - also goies via intestacy.  If he was married or had kids they get his share as per the statute.  If not, then possibly you.  Here is the statute.  Have ana ttorney help you.  Good luck.

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