Q: Is va life ins considered part of estate? And what is the beneficary to do?
A:
The first question to ask is whether there were beneficiaries selected on the life insurance policy. If there were the life insurance proceeds often pass directly to the beneficiaries listed on the policy in the amounts listed.
If there are no surviving beneficiaries, or the form was not filled out the proceeds are often handled as an asset of the estate.
You likely do not have access to the beneficiary form and an attorney may help in the process of getting the form if it is available or opening an estate to deal with any assets or proceeds.
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