Jeremy died leaving a life insurance policy payable to Genevieve. When the personal representative finds the life insurance policy documents, he or she should
1) hold the policy until final distribution at the close of probate.
2) give the policy directly to Genevieve, keeping a copy for tax purposes.
3) hold the policy until all other assets, such as bank accounts and stock certificates, have been inventoried.
4) redeem the policy for distribution of the proceeds to Genevieve, after any taxes are deducted.