General life question

[SoonerP226]

I see life insurance policies, loans, notes, etc. listed as assets on estates that were probated all the time.

If the insurance policy doesn’t have a living named beneficiary, it should revert to the estate, but a normal life insurance policy with living named beneficiaries is pay on death, so it never becomes a part of the estate.

I can tell you that neither of my parents’ life insurance policies were part of their estates.

 

[Shadowrider]

If the insurance policy doesn’t have a living named beneficiary, it should revert to the estate, but a normal life insurance policy with living named beneficiaries is pay on death, so it never becomes a part of the estate.

I can tell you that neither of my parents’ life insurance policies were part of their estates.

Could be that things have changed over time also, but I read probate decrees almost daily and they are regularly in there listed in the inventory. I don't pay any real attention to anything other than real property though, that's what I have to determine where it goes. All the other stuff is just "clutter" for me.