Jeffrey Warren Jones’s Answers

Jeffrey Warren Jones

Ellsworth Estate Planning Attorney.

Contributor Level 4
  1. ONLY a MAINE PROBATE Attorney to respond.Can PR leave a partial amount in estate checking for 1 year & then disburse balance?

    Answered over 1 year ago.

    1. Jeffrey Warren Jones
    2. Inga L Stevens
    3. Celia R Reed
    3 lawyer answers

    I assume you are planning to close the estate by filing a sworn statement with the Register of Probate as provided by the Maine Probate code, Title 18-A, sec. 3-1003.. You should read the statute and make sure you understand what the sworn statement can accomplish and what it cannot, and consult an attorney if you are not sure. Generally, the sworn statement, when filed, is your notice to any interested parties (who receive a copy) that you have fully administered the estate in compliance...

    Selected as best answer

  2. Does the beneficary of a life insurance policy need to turn the funds over to the estate to pay bills

    Answered over 4 years ago.

    1. Jeffrey Warren Jones
    2. Heather L. Spencer
    2 lawyer answers

    No. As Heather explained, death benefits from a life insurance policy pass directly from the insurance company to the named beneficiary, outside of the probate process. This means that the insurance proceeds cannot be reached by the personal representative of the estate for payment of debts or for offset against any assets passing to the beneficiary through the will (or by intestate succession, if there is no will).