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If no probate can credit card debt be taken from your beneficiaries paid by life insurance and IRAs? |
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Answer
This is not a simple situation. The short answer is, maybe. There are a lot of "ifs" and it also depends on the state statutes of your residence. If you would like to discuss this, or feel I might be able to give you some enlightenment. Please feel free to email me.
First answer by Nikki Macmillan. Last edit by Nikki Macmillan. Question popularity: 62 [recommend question]
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Answers.com > Wiki Answers > Categories > Business and Finance > Personal Finance > Money Management > Credit > Credit and Debit Cards > If no probate can credit card debt be taken from your beneficiaries paid by life insurance and IRAs?
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Can life insurance go into probate? Do life insurance monies go straight to the beneficiaries upon death of the insured or do they go into the estate?
