Monday, July 25, 2005

Life Insurance Proceeds Can Be Dangerous

There may be some lessons to be learned here. Read Article

Lesson # 1. Have life insurance proceeds deposited directly into your bank account or, at least, have the cheque sent to you.
Lesson # 2. If you must use an attorney, also use an accountant. The cheque can be payable to them both in trust for you. If they are not known to each other, so much the better.
Lesson # 3. Don't tell anyone about the inheritance from the life insurance policy.


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