Walt owns an insurance policy on his life with Doris as the designated beneficiary. On Walt's prior death, the proceeds of the policy are part of his probate estate.

Name: Walt owns an insurance policy on his life with Doris as the designated beneficiary. On Walt's prior death, the proceeds of the policy are part of his probate estate.
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Question

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If Doris is the designated beneficiary, the proceeds of the policy will pass directly to her and will not be part of Walt's probate estate.

Walt Owns an Insurance Policy on His Life with Doris