I was left a life insurance policy by my friend who passed but his wife is fighting me for the funds

Full question:

I lived with my companion for 5 years. When he died he had left his life insurance to me. He was not divorced from his wife and now the wife has the insurance frozen and her attorney says that she will be the one to receive the insurance because of something having to do with her assets. I do not understand this fully and need advice.

Answer:

Typically, when you are named as the beneficiary of an insurance policy, the proceeds are distributed to the named beneficiary without the need to become part of the probate process. I would need to know more details about why the assets were frozen to give a more
definite answer, but it may be that he had agreed to make her or her children the beneficary(ies) as part of a property settlement filed with the divorce action. I suggest reviewing the documents that were filed in court for applicable terms in a division of property agreement or order.


I'm assuming that the lawyer filed for injunctive relief. When a party can show a need to prevent property from being transferred due to the harm that may result, injunctive relief to preserve the status quo may be ordered.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

A divorce decree can affect life insurance beneficiaries, but it depends on the specific terms of the decree. If the decree states that the ex-spouse is no longer a beneficiary, that designation may be revoked. However, if the policy was not updated after the divorce, the original beneficiary designation may still stand. It's important to review the divorce documents and the life insurance policy for clarity.