If my grandparents had a life insurance policy on my deceased mother, who gets the proceeds if I have all the papers and death certificates?

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If my grandparents had a life insurance policy on my deceased mother, who gets the proceeds if I have all the papers and death certificates?

I really need to know who will receive the monies with the life insurance. I have 2 policys in my mother’s name made out by my grandparents who are deceased.

Asked on April 6, 2012 under Estate Planning, California

Answers:

Steven Fromm / Steven J Fromm & Associates, P.C.

Answered 9 years ago | Contributor

Your facts are unclear.  if the policy had your grandparents as the beneficiaries and they are both deceased and there is no contingent beneficiaries then the amounts are usually payable to the estate.  However, you need to have an estates attorney review the policies and discuss them with the insurance company to get a definitive answer.

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

Answered 9 years ago | Contributor

I am so sorry for your loss.  I would suggest that you take the policies to an attorney to review and to help you.  You grandparents owned the policies, correct?  ANd they were the beneficiaries?  That is really the key.  Who was listed as the beneficiaries on the policies in the event of your Mother's death.  Life insurance policies pass "outside the Will" meaning that they pass automatically upon a person death to the person or persons listed in the beneficiary designation.  If you grandparents pre deceased your Mom that could raise certain issues but it would then be part of their estate for distribution.  Or there could be an alternate beneficiary.  Please seek help.  Good luck. 


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