LAYCOCK v. LEONARD H. HAMMER, JR
Where decedent purchased a life insurance policy before his death and assigned all his interest in the policy. He included the right to any benefits and of an irrevocable life insurance trust he had established. In addition, he laid out how the decedent's conduct after trust had been established did not alter the irrevocable nature of trust so as to be subject to claims of creditor. Policy proceeds were property of the trust, not decedent's estate.
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