From: Granby@safe-mail.net
Newsgroups: misc.invest.financial-plan
Subject: Life Insurance & Debt:
Date: 16 Jun 2005 19:10:02 GMT
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Just a couple of questions:
   I have a life insurance policy with my wife as the beneficiary. I
live in a community property state. I have substantial student loan
debt (70k) all incurred before marriage. I assume that my wife would
not be liable for that debt, is that true? Also, I have virtually no
assets. I do have a mortgage on our house (60k) of which very little of
the principal has been paid: although the property is probably worth
120k or so. If my debt owners (student loan holding institution) go
after the estate could they only put a claim on the value of what has
been paid off on the mortgage at the moment of death, or would they
have a claim on the whole value of the property.
Thanks