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Reply to "Anyone following this Candice Miller/Mama & Tata nightmare?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Could someone familiar with life insurance law chime in. If the family receives the life insurance money, won’t creditors insist the money go towards Mr. Miller’s debts?[/quote] No. Life insurance claims pass outside the estate and go directly to the beneficiary and creditors have no claim. She will get to keep. LI is meant to replace income.[/quote] Is she has creditors then they can get the life insurance [/quote] So it depends on whether she was personally liable for any of their debts. If she really didn’t know anything about their dire financial state, she probably wasn’t on those debts. [/quote] How could she not be on them? Some of it is for the furniture she used daily. And they were married. Ignorance is not an excuse unless it's a separate business account.[/quote] It sounds like he was the only one with income (or perceived income). So it’s possible he accrued the debt in his name alone, secured by his own (assets? Income? Fraud?). Seems wild though that she could live this lavish lifestyle, have all debt erased, and come out with $15M. Just crazy all around. [/quote]
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