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Message
re: Term Life at age 64
Posted on 3/16/10 at 11:12 am to Broke
Posted on 3/16/10 at 11:12 am to Broke
quote:
That life insurance is not part of her estate since it has no cash value. It's not included and the creditors MAY come looking for it but it's been my experience that they have no legal grounds for capturing those assets.
It is if she named her estate the beneficiary.
If she named specific a individual(s) or trust as the beneficiary it will pass outside of probate and the creditors can not touch it.
This post was edited on 3/16/10 at 11:13 am
1
Posted on 3/16/10 at 1:39 pm to Cash
quote:
It is if she named her estate the beneficiary
But I've never personally seen that happen. I always name benes.
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