Gabor & Marotta LLC
  • Home
  • Attorneys
    • Richard M.Gabor
    • Daniel C. Marotta
    • Ilyssa Gabor
    • Matthew Medaglia
  • Practice Areas
    • Probate And Estate Administration
    • Real Estate Purchases And Sales
    • Tax Law
    • Business Law
    • Trademark Law
  • Articles
  • Blog
  • Contact

 718-390-0555

Gabor & Marotta LLC

New York: 212-349-1200 | Staten Island: 718-390-0555

  • Home
  • Attorneys
    • Richard M.Gabor
    • Daniel C. Marotta
    • Ilyssa Gabor
    • Matthew Medaglia
  • Practice Areas
    • Probate And Estate Administration
    • Real Estate Purchases And Sales
    • Tax Law
    • Business Law
    • Trademark Law
  • Articles
  • Blog
  • Contact

Trusted Attorneys For Estate Planning And Administration, Real Estate, Tax Matters And More

  1. Home
  2.  → 
  3. Estate Planning
  4.  → 
  5. Your life insurance likely supersedes your estate plan

Your life insurance likely supersedes your estate plan

On Behalf of Gabor & Marotta LLC | Feb 19, 2026 | Estate Planning |

If you have a life insurance policy, you may be counting on that money to leave your family members a significant inheritance. Even if you do not have other significant assets, you know that they are going to receive a payout from the life insurance company, and you intentionally bought it to give them financial security after you pass away.

When you buy that policy, the life insurance company will ask you to name a beneficiary. It is important to keep in mind that this designation often takes precedence over anything that you have written in your estate plan. This is why it is helpful to make sure that all of your documentation matches.

Problems this could create

If there are differences in the documentation, it can lead to some significant conflicts.

For instance, maybe you were a young parent when you bought the policy, and you only had one child. You named them as the beneficiary. Later on in life, however, more children were born. In your estate planning documentation, you have indicated that all of your children should split the life insurance payout evenly.

Even if that is what you intended, the life insurance provider is not bound by your estate plan. They are likely just going to pay the full amount to your named beneficiary, which is your eldest child. This can lead to conflicts with other siblings who believe they are entitled to a portion of that money.

Setting up your estate plan

This is just one potential conflict to be aware of. As you create all of your estate planning documentation, take the time to look into the legal details carefully.

Recent Posts

  • Your life insurance likely supersedes your estate plan
  • Contesting a will is possible in limited circumstances
  • Power of attorney: What duties can you give your agent?
  • What are the legal requirements for contesting a will?
  • When a testator can’t understand the will they’re signing

Archives

Categories

  • Estate Administration & Probate
  • Estate Planning
  • Firm News
  • Probate Litigation
  • Real Estate Purchases And Sales
  • Tax Law
  • Trusts
  • Wills

RSS Feed

Subscribe To This Blog’s Feed

Contact Us Now

New York: 212-349-1200

Staten Island: 718-390-0555

New York Address

79 Madison Avenue
7th Floor
New York, NY 10016
New york Law Office Map

Staten Island Address

1878 Victory Boulevard
Staten Island, NY 10314
Staten Island Law Office Map

Attorney advertising

  • Follow
  • Follow
Review Us

© 2026 Gabor & Marotta LLC • All Rights Reserved

Disclaimer | Site Map | Privacy Policy | Business Development Solutions by FindLaw