In the accounting of my uncles estate it shows proceeds of $20.00 from a life insurance policy. How on earth can you have a ...

Asked about 2 years ago - San Francisco, CA

...$20.00 life insurance policy? Where did the rest of the proceeds of the life insurance policy go?!?

Attorney answers (2)

  1. Tonya Rene Coles

    Contributor Level 6

    1

    Lawyer agrees

    Answered . You do not state whether or not you inherit any part of your uncle's estate, nor if the estate is still open. If you are to receive an inheritance and the estate is still open, you may have a right to contest the accounting. Contact a local probate lawyer to find out what your rights are. At the very least, you can ask if $20.00 was the actual amount of the life insurance proceeds and, if not, ask for an explanation of how the rest of the proceeds were spent.

  2. Steven M Zelinger

    Pro

    Contributor Level 20

    Answered . If you are an interested party you have the right to certain information. Twenty bucks is a pretty small insurance policy for sure...however older people often have very small insurance policies from years ago and its also possible that it was borrowed against and there was only cash value left so it could be depleted. If you think it should be more you need to ask for documentation. Usually the life insurance is not part of the "estate" so it is also possible you won't be entitled to information but since its on the accounting I assume the life insurance ended up payable to the estate.

    This is not legal advice nor intended to create an attorney-client relationship. The information provided here is... more

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