Tuesday, 4 March 2014

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

Question

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



Answer

The trustee of the trust if the trust is the owner.

However-the trust might be irrevocable which means

it can't be changed.

You need to review with an attorney.

Joe



Answer

The owner of the policy can change the beneficiary



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