When a loved one passes away, families in Marana, Arizona often go through the probate process to handle their estate. One important part of this process is understanding how insurance policies work during probate.
Do Insurance Policies Go Through Probate?
Most of the time, life insurance and accidental death policies do not go through probate. This is because they already have named beneficiaries — like a spouse or child — who receive the money directly.
But if the estate is listed as the beneficiary instead of a person, the insurance money will go through probate, which can slow things down.
Why Insurance Matters in Probate
Here’s why insurance is important during probate in Marana:
- ✅ Faster Access to Funds: Beneficiaries get paid directly if they’re listed correctly.
- ✅ Debt Payments: If the estate is the beneficiary, some insurance money may be used to pay off debts or taxes.
- ✅ Protecting Property: Keeping home or car insurance active during probate helps protect valuable assets.
- ✅ Executor’s Role: The executor should check insurance policies early to avoid problems later.
Helpful Tips
- Review insurance policies and update beneficiaries regularly.
- Keep copies of all policies in one safe place.
- Talk to a probate attorney or local Realtor® for guidance if something is unclear.
Need Help With Probate or Real Estate in Marana?
Probate can be confusing, but you don’t have to handle it alone.
Contact Ryan Comstock, your trusted Marana Realtor®, for expert help with real estate and probate-related needs.
📞 Phone: 520-261-4669
🌐 Website: www.ryancomstock.com
📧 Email: ryancomstock@ryancomstock.com