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<DIV><FONT size=4>If there is no beneficiary then the estate gets the proceeds
and must pay valid claims.</FONT></DIV>
<DIV><FONT size=4>48.18.410 reads “The lawful beneficiary” ... shall be entitled
to the proceeds and avails of the policy against the creditors... of the
insured...</FONT></DIV>
<DIV><FONT size=4>So only creditors of a beneficiary are protected.</FONT></DIV>
<DIV> </DIV>
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<DIV><STRONG><SPAN style="FONT-SIZE: 18pt; COLOR: #004080">Joshua F.
Grant</SPAN></STRONG><SPAN style="COLOR: #004080"><BR></SPAN><SPAN
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O. Box 619<BR>Wilbur, WA 99185<BR>509 647 5578</SPAN><SPAN
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<DIV style="font-color: black"><B>From:</B> <A
title=timothy@stileslaw.com>Timothy Lehr</A> </DIV>
<DIV><B>Sent:</B> Wednesday, August 25, 2021 8:59 AM</DIV>
<DIV><B>To:</B> <A title=wsbapt@lists.wsbarppt.com>WSBA Probate & Trust
Listserv</A> </DIV>
<DIV><B>Subject:</B> [WSBAPT] Life Insurance in insolvent
estate</DIV></DIV></DIV>
<DIV> </DIV></DIV>
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<P class=MsoNormal>All,<o:p></o:p></P>
<P class=MsoNormal><o:p></o:p> </P>
<P class=MsoNormal>I have an estate that has two life insurance policies with no
named beneficiaries, and otherwise the estate is insolvent. There are some
outstanding debts as well. Wondering if life insurance proceeds payable to the
“estate” are protected from the estate creditors? When I read RCW 48.18.410, it
seems to me they are exempt. Any thoughts or am I missing another relevant
statute? <o:p></o:p></P>
<P class=MsoNormal><o:p></o:p> </P>
<P class=MsoNormal>Thanks! <o:p></o:p></P>
<P class=MsoNormal><o:p></o:p> </P>
<P class=MsoNormal><B>Timothy C. Lehr<o:p></o:p></B></P>
<P class=MsoNormal>Attorney at Law<o:p></o:p></P>
<P class=MsoNormal><o:p></o:p> </P>
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<P class=MsoNormal><o:p></o:p> </P>
<P class=MsoNormal>p: 360.855.0131<o:p></o:p></P>
<P class=MsoNormal>e: <A>timothy@stileslaw.com</A><o:p></o:p></P>
<P class=MsoNormal>w: <A
href="http://www.stileslaw.com/">www.stileslaw.com</A><o:p></o:p></P>
<P class=MsoNormal><o:p></o:p> </P>
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