A joint life first death policy had been paid out to a bankrupt surviving husband. Since the policy was taken out for the benefit of the spouse under the Act, the husband received it in his capacity as a beneficiary and not as a trustee and he could not give good receipt for the proceeds.
Citations:
Times 04-Mar-1999
Statutes:
Married Women’s Property Act 1882 11
Jurisdiction:
England and Wales
Wills and Probate, Insolvency
Updated: 10 April 2022; Ref: scu.88858
