The insurance agent told me to list the insurance as an asset.
Also the insurance agent said it does not matter who files, they just need to know who is responsible for handling the estate, they told me I need a release from administration.
Summary release from administration is for estates worth under $5,000. I am still not sure if the insurance policy counts toward that amount. It says it doesn't but there is no beneficiary names on the policy.
Thank you for your replies,
I just noticed that on the second page of form 5.6 it says,
"The Court appoints __________________________________________________________________________ commissioner, to receive and sell or distribute the personal property or proceeds thereof, and to execute all...
Ohio
My sister has agreed to let me file to release a $10,000 life insurance policy on my father with no beneficiaries named on the policy from administration. My question is, if the judge will order the estate to be distributed or not. My sister wants me to have all of it, will the judge order...
My mother and I have decided that it would be best if I filed for the release from administration on my fathers death. My mother and father were not married and he left no will. His possessions are not in question it is an insurance policy his father opened in his name that nobody knew existed...
So by default I am the executor of the estate because my sister is a resident of Pennsylvania. I am the only descendant that is a resident of Ohio. I think I have a copy of my birth certificate around, if I am the executor of the estate by default I am sure they will want to see my state I.D...
Well this really complicates things a bit because my mother is not going to be happy to find out that she will not be able to recover the money she spent on funeral expenses.
So should I file to be the administrator of the estate and have my sister sing me off as such? Then I can make sure my...
My sister and I are both biological descendants.
My mother paying funeral expenses does not give her a right to the money?
So if this goes to court they will most likely split the money between myself and my sister?
The policy was only for $10,000.
Thanks for the help thus far!
My mother paid all of the funeral expenses and had power of attorney of his advance directive. He was living with my mother and myself for around two years while he was sick.
I am not even sure he knew there was a life insurance policy and that is why there are no beneficiaries listed on the...