Legal Question in Credit and Debt Law in Texas

Accelerated Death Benefit

Mother in-law terminally ill. Has life insurance with accelerated death benefit. Also has lots of debt. Are the creditors able to claim the accelerated death benefit. Is it better to wait till she passes? Or does it make a difference?


Asked on 1/29/08, 2:59 pm

1 Answer from Attorneys
TC Langford Langford Law Office

Re: Accelerated Death Benefit

Hopefully someone will have an answer regarding the accelerated death benefit.

Life insurance, however, is not part of a person's estate and not reachable by their creditors. It is the property of the beneficiary.

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Answered on 1/29/08, 3:22 pm


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