i have my was as the beneficiary of my life ins.Do i still have to fill out a will ?
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i have my was as the beneficiary of my life ins.Do i still have to fill out a will ?
i have my wife as the beneficiary in my life ins. do i still have
to put this in my will ?
Asked on January 18, 2019 under Estate Planning, Texas
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
No, you need not reference your life insurance policy in your Will. Such a policy is not deemed part of an estate; it is an asset that is seperate and apart. Accordingly, regardless of who is listed a Will beneficiary, only the beneficiary maned on the policy is entitled to the proceeds.
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