Saturday, March 22, 2014

Well See my dad died unexpectly and he didn't have time write out his "will" and his father in law and left dad farm machinery So I'm wonder...

Question

Well See my dad died unexpectly and he didn't have time write out his "will" and his father in law and left dad farm machinery

So I'm wondering wear does that go and his life insurance wear does that go too



Answer

It may be better to post your question again with a little more clarity and detail, although a consultation will likely be necessary regardless the answers you get.

In any event, the life insurance should be paid to the named beneficiary. If there is not a named or valid beneficiary, then the default is usually the estate.

An estate without a will, assuming that your father was an Illinois resident, should go one-half to the spouse, one-half to be divided among the children (including descendants of any deceased child). If no spouse, all to the children (including descendants of any deceased child).

I am not exactly sure what you are saying about the farm machinery, but if you are saying he had inherited it in the past, then it is part of the estate to be administered now. Once he became entitled to the inheritance, the property became his and is included in his estate.



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