My sister has agreed to let me file to release a $10,000 life insurance policy on my father with no beneficiaries named on the policy from administration. My question is, if the judge will order the estate to be distributed or not. My sister wants me to have all of it, will the judge order that it be distributed under a release from administration?
I am wondering if I should file to be administrator of the estate instead and have her sign a waiver of the right to administer that way nothing is distributed.
Thank you for any help, it is much appreciated.
I just noticed that on the second page of form 5.6 it says,
"The Court appoints __________________________________________________ ________________________ commissioner, to receive and sell or distribute the personal property or proceeds thereof, and to execute all necessary documents of conveyance, including without limitation those necessary to transfer title to any motor vehicle, motorcycle, watercraft, or other titled personal property sold or distributed in kind. The commissioner shall complete the duties and report to the Court within sixty days of the date of this entry."
I assume this means that distribution is my responsibility and the insurance company will release everything to me?