How Life Insurance Benefits Are Incorporated During Succession | Gordon R. Crawford - Louisiana
Channel: Gordon R Crawford & Associates
Date: 11/06/2021

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Normally, the main beneficiary of the life insurance policy is paid those benefits outside of the succession proceedings. However, sometimes the decedent’s estate is the named beneficiary. In that instance, the policy benefits become property of that succession and must be listed in the probate proceedings. They are listed in the probate proceedings in the detailed descriptive lists in a petition for possession and a judgment of possession. Here again, the policy will normally have contact information on how to locate and deal with payment of these benefits, even to the succession or the person or persons otherwise named as beneficiary of the insurance policy. The twelfth item to be located would be one indicating that the decedent had some interest in some business enterprise.

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