Question
On July 9, 2010 Alfredo Matanglawin procured a life insurance designating his wife and children as irrevocable beneficiaries. Three years later Alfredo Matanglawin filed a
On July 9, 2010 Alfredo Matanglawin procured a life insurance designating his wife and children as irrevocable beneficiaries. Three years later Alfredo Matanglawin filed a petition in court to amend the designation of his beneficiaries in the life insurance from irrevocable to revocable. The court granted the petition. Is the court correct in granting the petition? Explain
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
IRREVOCABLE BENEFICIARY The irrevocable beneficiary could be a beneficiary in an exceeding life assu...
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Step: 2
Step: 3
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South Western Federal Taxation 2015
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young
38th Edition
978-1305310810, 1305310810, 978-1285439631
