My mother purchased life insurance on herself and made me the owner and beneficiary, I am also the payer. At my 341 the life insurance was not questioned. As we were leaving the meeting my lawyer reminded me about letting him know if I came into any money during the 180 days after filling. He also mentioned that since we are in Texas, any proceeds from my mother's life insurance would be exempt! (My mother is in good health, but he just wanted to point this out). I was surprised; I had though all along this would have been something taken for the creditors. Has anyone had any experience with this?
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I was surprised.......exempt?
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