Thursday, 19 February 2015

I am the beneficiary of my brother's life insurance policy. Is this money that I received considered part of my brother's Estate, and can an...

Question

I am the beneficiary of my brother's life insurance policy. Is this money that I received considered part of my brother's Estate, and can any creditors come after the money?

Would appreciate any information on this subject.

Thank You!!



Answer

No. It is not part of the estate and should not be reachable by creditors of the estate.



Answer

It is not part of the estate unless the estate was named the beneficiary (very rare).



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