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| 12:42 PM | ||
| Users Online Now: 2,353 (Who's On?) | Visitors Today: 753,749 | |
| Pageviews Today: 1,238,322 | Threads Today: 492 | Posts Today: 8,463 |
| 12:42 PM | ||
Any Attorneys A Life Insurance questions. | |
| DblTapViper Offer Upgrade  User ID: 9050718  United States05/22/2012 02:28 PM Report Abusive Post Report Copyright Violation | |
| Butt Pincher User ID: 8993616 United States05/22/2012 02:33 PM Report Abusive Post Report Copyright Violation | Hi I have a quick question. I have a life insurance policy. If I die the proceeds goes to my wife. My wife has huge medical bills. So if something happens to me I would rather my wife get the benefit of the policy, not the blood sucking hospitals.. Quoting: DblTapViper Here is my idea and if you could tell me if it would work well... Thank you. 1. Start an LLC 2. Make my Kids each 47% owners and my wife a 6% owner. 3. Only my wife has voting shares. Kids do not, unless their mom passes away. 4. My wife then could just "borrow" money from the LLC and never take ownership on the entire amount of money. Would this work? I know GLP is not the perfect place but any Attorney found here would at least be thinking a little like me. LOL Thanks again for reading and commenting. It would be easier to select a trusted close family member and use them for the beneficiary .. they could disperse the funds accordingly..I think it has to be a parent.. but not sure..GL |
| Anonymous Coward User ID: 7824468 United States05/22/2012 02:38 PM Report Abusive Post Report Copyright Violation | Hi I have a quick question. I have a life insurance policy. If I die the proceeds goes to my wife. My wife has huge medical bills. So if something happens to me I would rather my wife get the benefit of the policy, not the blood sucking hospitals.. Quoting: DblTapViper Here is my idea and if you could tell me if it would work well... Thank you. 1. Start an LLC 2. Make my Kids each 47% owners and my wife a 6% owner. 3. Only my wife has voting shares. Kids do not, unless their mom passes away. 4. My wife then could just "borrow" money from the LLC and never take ownership on the entire amount of money. Would this work? I know GLP is not the perfect place but any Attorney found here would at least be thinking a little like me. LOL Thanks again for reading and commenting. It would be easier to select a trusted close family member and use them for the beneficiary .. they could disperse the funds accordingly..I think it has to be a parent.. but not sure..GL Whoever it is the person must have an insurable interest in the policy. However in anycase, it the case were to go to court and there were a question of payment concerning you, there could be either a hold or lean placed on the funds. |
| DblTapViper (OP) User ID: 9050718 United States05/22/2012 02:44 PM Report Abusive Post Report Copyright Violation | Hi I have a quick question. I have a life insurance policy. If I die the proceeds goes to my wife. My wife has huge medical bills. So if something happens to me I would rather my wife get the benefit of the policy, not the blood sucking hospitals.. Quoting: DblTapViper Here is my idea and if you could tell me if it would work well... Thank you. 1. Start an LLC 2. Make my Kids each 47% owners and my wife a 6% owner. 3. Only my wife has voting shares. Kids do not, unless their mom passes away. 4. My wife then could just "borrow" money from the LLC and never take ownership on the entire amount of money. Would this work? I know GLP is not the perfect place but any Attorney found here would at least be thinking a little like me. LOL Thanks again for reading and commenting. It would be easier to select a trusted close family member and use them for the beneficiary .. they could disperse the funds accordingly..I think it has to be a parent.. but not sure..GL The problem is, what if they got into trouble and dipped into my wife's $$$$. DblTapViper |
| Anonymous Coward User ID: 16512969 United States05/22/2012 02:45 PM Report Abusive Post Report Copyright Violation | |
| DblTapViper (OP) User ID: 9050718 United States05/22/2012 02:50 PM Report Abusive Post Report Copyright Violation | |
| DblTapViper (OP) User ID: 9050718 United States05/22/2012 03:33 PM Report Abusive Post Report Copyright Violation | |
