Legal Question in Credit and Debt Law in Michigan

a friend left life insurance policy to me, can her credit card companies she owes, take the life insurance money from me


Asked on 12/30/11, 4:47 am

1 Answer from Attorneys
John Tatone John R. Tatone & Associates PLC

if you were named a direct beneficiary of the policy, it is yours and the credit card companies cannot take it. If she left it to you in a will and the policy has no beneficiary or her Estate is the beneficiary, the creditors have to follow procedures to be paid from it through the Probate of the Estate. Please call me at 888-988-LAWS (5297) or contact me at www.johntatone.com if you would like my assistance with this situation.

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Answered on 12/30/11, 7:16 am


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