Legal Question in Wills and Trusts in Louisiana

Can a credit card company take the life insurance of my father in law to pay off his credit card


Asked on 11/21/11, 10:17 am

2 Answers from Attorneys
James Maguire James G. Maguire, Attorney At Law

Probably not. The proceeds of the life insurance go to the beneficiaries listed on the policy. They are not part of your father's estate.

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Answered on 11/21/11, 10:31 am
Nick Pizzolatto, Jr. Pizzolatto Law Office

NO....unless there are no benificiaries of the policy. If there are no named beneficiaries of the policy, then it goes to to the creditors. If there is a benificiary of the policy then the proceeds belong to them and cannot be touched by any creditor of your father.

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Answered on 11/24/11, 3:41 pm


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