Legal Question in Family Law in Texas
If life insurance is purchased after a divorce decree is signed, upon ones death, is the life insurance part of the estate? The divorce decree states that life insurance shall be a credit against this obligation.
Asked on 2/25/10, 10:58 am
1 Answer from Attorneys
Mark Dunn
Mark D. Dunn
Life insurance proceeds are a non-testamentary asset; they aren't part of the estate unless the beneficiary is "the estate."
Answered on 3/03/10, 1:55 pm