Legislation
SECTION 3-4.5
Insurance proceeds from specific disposition not subject to
Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 3, PART 4
§ 3-4.5 Insurance proceeds from specific disposition not subject to
ademption
Where insurance proceeds from property which was the subject of a
specific disposition are paid after the testator's death, such proceeds,
to the extent received by the personal representative, are payable by
him to the beneficiary of such disposition; and such proceeds retain the
character of a specific disposition for all other purposes, including
12-1.2 and 13-1.3.
ademption
Where insurance proceeds from property which was the subject of a
specific disposition are paid after the testator's death, such proceeds,
to the extent received by the personal representative, are payable by
him to the beneficiary of such disposition; and such proceeds retain the
character of a specific disposition for all other purposes, including
12-1.2 and 13-1.3.