Thursday, 17 April 2014

who can change beneficiaries of a life insurance policy if it is an asset of the trust

Question

who can change beneficiaries of a life insurance policy if it is an asset of the trust



Answer

depends on what the trust and policy provide. they both need to be reviewed.



Answer

If the trust owns the policy-it most likely is the trustee but the trust could be irrevocable or have restrictions-so-it needs to be reviewed.



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