Legal Question in Wills and Trusts in Florida

Life Insurance Disbursement

My spouse died and I received an life insurance disbursement made out to his daughter from a previous marriage. It is made out to: Jane Smith, c/o John Smith Estate. As his spouse can I use this to pay his debts?


Asked on 11/17/08, 1:26 pm

2 Answers from Attorneys
David Slater David P. Slater, Esq.

Re: Life Insurance Disbursement

no

Read more
Answered on 11/17/08, 2:13 pm
Robert Roemer Robert Roemer

Re: Life Insurance Disbursement

it's true that technically life-insurance passes upon death to the beneficiary is stated in the beneficiary designation. However, in many circumstances these money should be looked at as part of the liquid proceeds which could be necessary to pay mortgages on properties, businesses,etc. If you would like to discuss this with me e-mail me your phone number and I will call you.

Read more
Answered on 11/17/08, 6:25 pm


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in Florida