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Solice Kirsk posted:There was no fraud involved at all. What the father did with the policy while he owned it was 100% legal and the ownership change assigns all tax obligations as well as the current cash value, loans, etc. to the new owner. I suggested he talk to a tax attorney and sent him on his way. I'm not getting involved in that situation at all. Too big of a mess. Either the son was defrauded by having the condition of the policy that he was accepting ownership of misrepresented, or is so  as to be unable to enter into contracts.
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Jan 4, 2016 20:46
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| # ¿ May 19, 2024 17:45 |
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