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    lisfish's Avatar
    lisfish Posts: 2, Reputation: 1
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    #1

    Aug 23, 2011, 09:51 PM
    Irrevocable life insurance
    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's Avatar
    twinkiedooter Posts: 12,172, Reputation: 1054
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    #2

    Aug 27, 2011, 03:23 PM
    Not that I am aware of.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    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.
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