If a decedent has life insurance are debts paid from the life insurance proceeds?

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1020738

2026-08-19 13:15

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If there is a named beneficiary the life insurance proceeds bypass probate and the beneficiary will receive the money. If none is named, the proceeds are paid over to the estate. If the proceeds are paid over to the estate the debts of the decedent must be paid before any assets can be distributed to the heirs.

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