Day: August 12, 2019

Life Insurance Coverage Claims: What Is a Spendthrift Provision?Life Insurance Coverage Claims: What Is a Spendthrift Provision?

If the owner of a life insurance coverage policy is worried that their beneficiary may not be financially accountable, they can form a “spendthrift trust”. Rather of providing the entire life insurance coverage advantage at as soon as, an independnet trustee chooses how the cash can be paid out. This protects spontaneous spenders from themselves, […]