Does Life Insurance Go Through Probate? How to Protect Your Payout
Life insurance proceeds typically bypass probate if you name a living beneficiary (e.g., a spouse, child, or trust). However, if the beneficiary is deceased, you name your estate as the beneficiary, or the policy lacks a valid beneficiary, the payout may go through probate. When Life Insurance Avoids Probate 1. You Named a Living Beneficiary…