Michigan Supreme Court hears whether life insurance and 401(k) paid to a revocable trust can be reached by creditors The Michigan Supreme Court heard competing arguments over whether life insurance proceeds and 401(k) plan benefits payable to a decedent's revocable trust are property subject to creditors' claims after the settlor's death. Appellant counsel argued the benefits were non‑trust employment benefits not owned by the trust at death; appellee counsel, on

The Michigan Supreme Court is weighing a crucial decision that could determine if life insurance and 401(k) benefits paid to a revocable trust can be seized by creditors after the settlor's death.

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