insurance trustees
My father-in-law recently died was under the bankruptcy trustee can have your life insurance policy?
What happens to the house and vehicles?
1. He was married, and if so, the spouse also file for bankruptcy protection? If yes, then … 2. She was listed as the beneficiary of this policy? If yes, then you have to use the new found benefit to be paid in bankruptcy. If someone was named beneficiary, then there will be no impact on beneficiaries, as they are not obliged to pay their bills. If a recipient's name and life insurance products are going to his farm, then of again … the money will go into bankruptcy. Amount of life insurance go into property tax purposes, but money is not physically there, unless there are beneficiaries listed.
Carpentersville discusses its insurance coverage
