As Sole Beneficiary Must I Divide My Parent’s Life Insurance Policy With My Siblings if it is Not Mentioned in Their Will?

Life insurance proceeds pass outside of probate; generally they are not considered assets of the decedent’s estate.

As such, and depending on all of the language contained in the Last Will & Testament, the insurance proceeds can be retained by the person named as the beneficiary of the policy without the legal requirement of being divided among a Will’s beneficiaries.

But there is one concern to review.

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If I Get Divorced, Can I Tell the Landlord I Am Leaving and Make My Ex-Spouse Responsible for the Rent?

Until such time as the landlord agrees to release a tenant from liability under the terms of a lease, the tenants listed in the lease are obligated together to abide by those terms (i.e. pay the rent).

Unilateral pronouncements by a tenant delivered to a landlord will usually not result in a termination of liability for that tenant.

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