{"id":2412,"date":"2022-05-08T21:41:56","date_gmt":"2022-05-09T02:41:56","guid":{"rendered":"https:\/\/www.mcclure-lawgroup.com\/blog\/?p=2412"},"modified":"2022-05-08T21:41:56","modified_gmt":"2022-05-09T02:41:56","slug":"life-insurance-and-texas-divorce","status":"publish","type":"post","link":"https:\/\/www.mcclure-lawgroup.com\/blog\/life-insurance-and-texas-divorce\/","title":{"rendered":"Life Insurance and Texas Divorce"},"content":{"rendered":"

\"2018_10_agreement-300x165\"People commonly obtain life-insurance policies and name their spouse as the beneficiary. They do not always remember to update the beneficiary designation when they get divorced.\u00a0 Under Texas law, designation of a spouse as beneficiary before a divorce will only remain effective after the divorce in certain circumstances.\u00a0 Generally, either the court or the insured must designate the former spouse as beneficiary, or the former spouse must be designated to receive the proceeds in trust for a child or dependent\u2019s benefit.\u00a0 In a recent case, an ex-wife challenged<\/a> a court awarding a life-insurance policy on the ex-husband to the ex-husband many years after the original divorce.<\/p>\n

Insurance Policy Not Divided in Divorce<\/h3>\n

During the marriage, the parties obtained a life insurance policy on the husband with the wife named as beneficiary. \u00a0The policy was not addressed in the divorce decree in 2009.\u00a0 The husband subsequently filed a bill of review, and the parties agreed to be co-owners of the policy.\u00a0 They agreed the wife would receive half of the proceeds and the rest would go into a trust for their children. The court ordered the parties to split the policy into two, but the insurance company was unable to do so.<\/p>\n

The husband then filed for declaratory judgment, seeking to be named the sole owner of the policy.\u00a0 He also asked for a temporary restraining order against both the wife and the insurer. Alternatively, he sought to divide undivided property.\u00a0 The wife\u2019s counter-petition also sought a declaratory judgment that the policy was her separate property and to divide undivided assets.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

People commonly obtain life-insurance policies and name their spouse as the beneficiary. They do not always remember to update the beneficiary designation when they get divorced.\u00a0 Under Texas law, designation of a spouse as beneficiary before a divorce will only remain effective after the divorce in certain circumstances.\u00a0 Generally, either the court or the insured […]<\/p>\n","protected":false},"author":11,"featured_media":1406,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,27],"tags":[213,518,5,514,515,328,517,516],"class_list":["post-2412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-divorce","category-property","tag-appeal","tag-asset","tag-divorce-2","tag-life-insurance","tag-policy","tag-texas-family-code","tag-undisclosed","tag-undivided"],"yoast_head":"\nLife Insurance and Texas Divorce — Texas Divorce Attorney Blog — May 8, 2022<\/title>\n<meta name=\"description\" content=\"People commonly obtain life-insurance policies and name their spouse as the beneficiary. They do not always remember to update the beneficiary designation — May 8, 2022\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mcclure-lawgroup.com\/blog\/life-insurance-and-texas-divorce\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Life Insurance and Texas Divorce — Texas Divorce Attorney Blog — May 8, 2022\" \/>\n<meta name=\"twitter:description\" content=\"People commonly obtain life-insurance policies and name their spouse as the beneficiary. They do not always remember to update the beneficiary designation — May 8, 2022\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.mcclure-lawgroup.com\/blog\/wp-content\/uploads\/2019\/08\/2018_10_agreement.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kelly McClure\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Life Insurance and Texas Divorce — Texas Divorce Attorney Blog — May 8, 2022","description":"People commonly obtain life-insurance policies and name their spouse as the beneficiary. 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