That is the beauty of life insurance~! With a properly named beneficiary there are no taxes and it avoids probate!
yes. until you change the beneficiary they will stay on there
You are entitled to no proceeds from the life policy if the beneficiary or contingent beneficiary is still alive.
If you are the named beneficiary then of course you can claim it!
I am assuming the father is still living? In any event, a life insurance policy is not a probate asset, meaning that it does not pass in the will (exception being certain trusts). The insurance policy is a contract, and passed by operation of law.
There may not be a specified beneficiary still living or even listed on a policy but there is alway an estate. Perhaps you mean they had no will. If the person died "intestate" meaning without a will, the laws of the state where they resided in specifies where the proceeds of an estate go to and how they are divided up. The court will appoint an administrator or executor to handle the assets of the estate. If you have a specified beneficiary your like insurance proceeds will actually bypass probate in most cases and will go directly to the specified beneficiary.
In rare cases, a person will make a close friend or relative the beneficiary of their life insurance policy instead of their spouse.
If the beneficiary of a policy has died, the estate of the beneficiary can still collect the insurance payment, assuming that the beneficiary does have an heir or heirs of some kind (as most people do). Note that this is a fairly unusual situation, because normally when a beneficiary dies, a new beneficiary is named. There is no reason to allow the policy to have no living beneficiary, unless the insured and the beneficiary happen to die at about the same time, and there is no time to name a new beneficiary.
Probate can be a long process. At a minimum it will take about 4 months. There are some estates that are still open after decades of work.
You will receive the death benefit unless your brother has changed the beneficiary. Regardless of marriage, divorce, life changes, etc; unless the insured contacts their insurance company and changes their beneficiary, the money will go to the specified beneficiary; FYI- your brother would not be required to notify you as current (or ex) beneficiary if he changed the policy. Also, many life insurance policies have a primary and a successor beneficiary; the successor is the person who would receive the benefit if something were to happen to both the insured and the primary beneficiary.
Whoever is the named beneficiary on the policy will collect the death benefit.
No, an ex-spouse can't collect a deceased husbands insurance if the first wife is listed as beneficiary even if the fist wife is now deceased. The money will go to the beneficiary's heirs.
In order to ensure that a wife collects her deceased husband's insurance policy, it is beneficial to transfer the beneficiary of the policy while the husband is still alive. If the beneficiary of the policy is also deceased, it would be wise to seek legal help.