[WSBAPT] Life Insurance

[Eric Nelsen]

I think I agree, assuming the owner of the policy is also the insured life.

Sincerely,

Eric

Eric C. Nelsen
SAYRE LAW OFFICES, PLLC
1320 University St
Seattle WA  98101-2837
phone 206-625-0092
fax 206-625-9040



From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Ralph Maimon
Sent: Friday, May 22, 2015 10:46 AM
To: WSBA Probate & Trust Listserv
Subject: [WSBAPT] Life Insurance

LIstservers,

The deceased purchased a small life insurance policy naming his first wife as primary beneficiary and did not name a secondary beneficiary.  She predeceased him.  The subject language of the policy reads:
"The interest of any beneficiary who dies before the Insured shall vest in the owner unless otherwise provided"
I am inclined to say that the proceeds of the policy, because they go back to the owner/insured, are probated as part of his estate.
Thoughts?

Ralph Maimon
LAW OFFICE OF RALPH MAIMON, P.S.
2811 E. Madison Street, Suite 202
Seattle, WA 98112
(206) 323-0911 Office
(206) 462 1505  Fax
rmaimon at maimonlaw.com<mailto:rmaimon at maimonlaw.com>
www.maimonlaw.com<http://www.maimonlaw.com>


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