irrevocable trustn

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PostPosted: Tue Aug 18, 2009 8:39 pm   Post subject: irrevocable trustn  

I am a beneficiary of an irrevocable trust. Messy as my father is trustee.. I need to know if I can borrow against it as beneficiary?????


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blackbart
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PostPosted: Tue Aug 18, 2009 9:02 pm   Post subject:   

Nope.

InsuranceExpert
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PostPosted: Wed Aug 19, 2009 2:59 am   Post subject: insurance  

I think I know what you're asking. I have a Life Insurance policy with the Military. One of the 'Primary' Beneficiaries is my son (he's 16 right now). That would be like him asking if he could 'barrow' some money, off the policy. Nope..he can't do that.

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PostPosted: Wed Aug 19, 2009 3:17 am   Post subject:   

I answered the question differently here than on the other thread. That is because here, I assumed that it was life insurance.

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