irrevocable trustn

by Guest » Tue Aug 18, 2009 08:39 pm
Guest

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?????

Total Comments: 3

Posted: Wed Aug 19, 2009 02:59 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.

Posted: Wed Aug 19, 2009 03:17 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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