MIL died ~ 1 year ago. DW was executor of her estate which was less than $ 5K (we thought) and DW settled estate with county and heirs last year. MIL was on Medicaid and in nursing home at time of her death. There were 3 heirs and everything was split equally.
BIL came upon some papers of MIL with life insurance policy on MIL (policy is 10-15 years old). He contacted insurance company and found it is worth ~$ 17K and the beneficiary is deceased FIL.
Do we need go back to estate court and reopen estate or just deal with insurance company? Money would be split equally among the 3 heirs
BIL came upon some papers of MIL with life insurance policy on MIL (policy is 10-15 years old). He contacted insurance company and found it is worth ~$ 17K and the beneficiary is deceased FIL.
Do we need go back to estate court and reopen estate or just deal with insurance company? Money would be split equally among the 3 heirs