2006-08-12 11:22:29 · 7 answers · asked by wjneiman 2 in Family & Relationships ➔ Other - Family & Relationships
yes...it usually does....superceded designated beneficiary or insurance policies.....since it involves death.....it's one of the more important documents.......it's taken into account before the others
2006-08-20 02:04:27 · answer #1 · answered by Yogaflame 6 · 0⤊ 0⤋
No. A life insurance policy pays the death benefit directly to the beneficary or beneficiaries listed on the life insurance policy.
The life insurance policy is completely separate from a person's will. The life insurance policy is not subject to the will. In order to receive any payout from a life insurance policy, you must be the person or persons listed as a beneficiary to the life insurance policy.
2006-08-19 10:21:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
usually not.
policies or investments with a designated beneficiary are legal documents with the same power as a will.
the money can lawfully only be paid to the named person unless ordered otherwise by a court, or that named person is dead.
2006-08-12 11:35:15 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Great question, but looks like we need an attorney to answer it. I would assume a will would specify where other items not related to the insurance or investment accounts would go............man, your making me do some serious thinking.
2006-08-20 10:37:01 · answer #4 · answered by WitchTwo 6 · 0⤊ 0⤋
Yes a will over rides any other documents,see attorney for professional advice if the estate is worth the cost of the lawyer.
2006-08-12 11:26:07 · answer #5 · answered by pycosal 5 · 0⤊ 0⤋
It depends on if it were made a legal document .
2006-08-20 01:45:59 · answer #6 · answered by metalbu11dawg 2 · 0⤊ 0⤋
i think yes
2006-08-20 11:29:00 · answer #7 · answered by Navigator 3 · 0⤊ 0⤋