Baden-Clay insurance to be held by the court
AN insurance policy payout of more than $400,000 on the life of murder victim Allison Baden-Clay will likely be frozen by the Federal Court until after her husband and alleged killer Gerard Baden-Clay's fate is decided by the courts.
When combined with a second shared life insurance policy, a payout of more than $800,000 has been locked up in the courts.
Legal representatives from insurer TAL Life and a represenative for Allison's father, Geoffrey Dickie, agreed in court on Wednesday that the $412,267 payout be held by the court for the next six months, with a decision on its future to be made after that time.
Both life insurance policies were in the names of Allison and Gerard with no beneficiaries listed.
The future of the Suncorp life insurance policy worth more than $300,000 had been decided in an earlier Federal Court decision. It, too, will be held by the courts.
Legal teams from TAL, Mr Dickie and for Mr Baden-Clay himself agreed to the TAL funds being held for at least six months.