What will happen if a Will lists one person to get all assets yet pension fund and life insurance policy list other people as beneficiaries?

In ’98 my father sign a will leaving his assets to my son. He always told me that my sister was the beneficiary on his life insurance policy and I was the beneficiary on his pension fund. My father passed recently and shortly after I was notified by a pension und that they required a certified copy of my dad’s death certificate, which I furnished to them. Soon after, I rec’d a letter from my son’s lawyer that included a copy of my dad’s Will giving my son all his assets. Is my sister and I still the beneficiary to his life insurance policy and pension fund?

Asked on August 13, 2012 under Estate Planning, New York

Answers:

david slater / david p.slater, esq.

Answered 8 years ago | Contributor

Yes.  Since there are named beneficaries, the pension and insurance policy are distributed outside the estate.


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