Testamentary Trust of Life Insurance

Person designated as “executor of my estate and insurance” was the trustee who was the life insurance beneficiary described as “trustee(s) or successor(s) as provided in last will” when the will included specific bequests of life insurance proceeds even though the will did not use the words “trust” or “trustee.”  Thomas Will, 4 Fid.Rep.3d 345 (O.C. Phila. 5/12/2014).

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