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][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]

She didn't have an income other than maybe a trust but their assets (house, boat, potentially life insurance) are going to creditors. I imagine she will also need to pay taxes on the life insurance. [/quote]

Life insurance is not taxed[/quote]

Exactly. Do people not know how LI works?  Not taxed.  Not accessible to creditors.[/quote]

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