L
LEN43
Guest
state of illinois
Insurance policy purchased for buyout, our insurance man sold us insurance to my partner and myself, he made owner of each policy by partner and myself, premiums were paid by the Corporation, My partner past away, his estate received the proceeds from the insurance policy and are claiming it is a gift, and not for the buyout. The insurance man wrote a letter of intent as to the purpose of this insurance policy. Is this enough proof in court to get credit for this policy.
Insurance policy purchased for buyout, our insurance man sold us insurance to my partner and myself, he made owner of each policy by partner and myself, premiums were paid by the Corporation, My partner past away, his estate received the proceeds from the insurance policy and are claiming it is a gift, and not for the buyout. The insurance man wrote a letter of intent as to the purpose of this insurance policy. Is this enough proof in court to get credit for this policy.