Tradefair & Financials
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Read through a whole lot of forums regarding life insurance policy, estate etc....Im trying too stop an 80 year old being fleeced by creditors for debt her husband left....its my gfs gran...some people are saying a life insurance policy which has a named beneficiary does not go to the estate (creditors cant touch it).a solicitor who is prob some young apprentice says it goes to the estate 
any ideas?
any ideas?
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Sounds like its a bare trust harry
This is quite complicated stuff. It should not form part of the beneficiary's estate but it can. Its also complicated whether or not creditors have any right to claim it. I will see if i can dig up some of my old notes re trusts etc.. |
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just read your post again
if the policy went to the wife it would have likely been a bog standard will trust in which case the creditors should have access to funds. your young apprentice is right |
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Hello d13phe...hows things since the end of the NFL
 Old notes??? Im not sure if this guy is right...we found a signed letter/agreement which states the beneficiary would receive it...also a CAB letter saying it shouldnt form any part of an estate..surely a bog standard trust will should still stand.. |