Can I change the beneficiary on my life insurance policy in my Will?
No. A life insurance policy is a non-probate asset which is controlled by contract. Any asset that you own for which you filled out beneficiary paperwork is likely a non-probate asset, controlled by contract. If you wish to change the beneficiaries for a contract-controlled asset like a life insurance policy, you should contact the vendor directly and follow their instructions.
If you have questions about whether a particular asset is a non-probate asset or would like to create or update your estate plan, contact a Toms River attorney at the Law Offices of Apicelli & Costanzo for assistance.
NOTE: This page is for general information only and is not to be solely relied upon. If you have specific inquiries, contact a Toms River attorney at the Law Offices of Apicelli, Costanzo & Russom today!