Legal Question in Family Law in Texas
In a divorce is the cash value of a whole life insurance policy an asset that can be divided? The company it can be used to borrow against.
Asked on 1/05/11, 8:46 am
1 Answer from Attorneys
Bruce Zivley
Bruce C. Zivley, Attorney at Law
Presuming that the life insurance policy was acquired during the marriage, then the current cash surrender value of the policy is a community asset divisible upon divorce. I am a board certified specialist in the field of family law practicing in the general Houston area. I would be glad to discuss the issues involved in your case if you would contact me directly at 713-600-5500.
Bruce C. Zivley
Answered on 1/10/11, 9:14 am