Can the state of CA take my life insurance from my son after I am dead to cover my state debt? I bought term life insurance.
Total Comments: 1
Posted: Tue Dec 10, 2013 03:38 pm Post Subject:
No. Not unless you fail to name your son as your beneficiary. If you owe money to the state (unpaid taxes?), the state has a claim against your estate and can force the sale of estate assets in an attempt to recover what you owe. It's more likely that the state would place a lien against personal property such as your home.
Posted: Tue Dec 10, 2013 03:38 pm Post Subject:
No. Not unless you fail to name your son as your beneficiary. If you owe money to the state (unpaid taxes?), the state has a claim against your estate and can force the sale of estate assets in an attempt to recover what you owe. It's more likely that the state would place a lien against personal property such as your home.
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