Losing a loved one is never easy, and managing their estate can feel overwhelming. In Catalina Foothills, Arizona, families often go through a process called probate to settle financial matters. One key part of this process is understanding how insurance policies fit in.
Do Insurance Policies Go Through Probate?
Most of the time, life insurance and accidental death insurance do not go through probate. That’s because these policies usually have named beneficiaries — people who receive the payout directly.
However, if the estate is listed as the beneficiary instead of a person, the insurance money will go through probate, which can delay when the funds are released.
Why Insurance Is Important in Probate
Here’s why insurance matters during probate in Catalina Foothills:
- ✅ Faster Access to Funds: Beneficiaries can receive money directly, without waiting for probate.
- ✅ Debt Payments: If the estate is the beneficiary, part of the insurance money may be used to pay taxes or debts.
- ✅ Protecting Property: Keeping home or auto insurance active during probate helps protect assets until the estate is settled.
- ✅ Executor’s Responsibility: Executors should review insurance documents early to avoid delays.
Simple Tips for Families
- Review all insurance policies regularly and keep them updated.
- Store insurance paperwork in a safe, easy-to-find place.
- Work with a local probate attorney or Realtor® who understands Catalina Foothills’ estate process.
Need Probate or Real Estate Help in Catalina Foothills?
If you’re going through probate or managing real estate in Catalina Foothills, Arizona, expert guidance can make things much smoother.
Contact Ryan Comstock, your trusted Realtor®, for help with property matters and estate transitions.
📞 Phone: 520-261-4669
🌐 Website: www.ryancomstock.com
📧 Email: ryancomstock@ryancomstock.com