Life insurance

FrozenAir

Hi,

after applying for bankruptcy, I paid a fee and bought back my life insurance. 

Would it now be possible (less than a year later) to place the life insurance in trust?  So that it goes to someone who is not my husband (estranged, but not divorced yet)?  I'd like the money to go to my sister, and my chldren.

Is there a rule about placing it in trust before discharge?

Minkym00

No, you’ve bought it back so you can do with it as you wish.