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Irrevocable life insurance
lisfish
Aug 23, 2011, 09:51 PM
What happens when the signers for an irrevocable trust are not the beneficeraries? Do they have the right to withhold funds from the beneficerary?
twinkiedooter
Aug 27, 2011, 03:23 PM
Not that I am aware of.
Fr_Chuck
Aug 27, 2011, 04:46 PM
No, the signers only sign because they have or had an interest in the policy.
Next the funds will not go to them anyway, ( or should not if they are not the beneficiary) the insurance company pays the beneficiary directly.