My mother passed away a few months ago. I am one of three surviving children. In her life insurance policy she named me as the sole beneficiary although in her will she left her property to all three of us in equal parts. My sister applied to court to get what she claims is her third of the life insurance. Does she have a chance of succeeding ?
By: דיאנה שאלתיאל•Published on: 13 May, 2022No ! The 1965 Inheritance Law states that money paid following the death of someone according to an insurance contract is not included in his estate and the act does not apply to it. Accordingly, where an life insurance policy of someone who dies gives instructions about the division of its funds that differ from those in the Inheritance Law or in the deceased’s will, the ones in the policy will be the ones that count.