Leon Law Firm, (214) 696-0021

If the initial premium was paid out of community funds, the life insurance policy may be a community asset. This means that one half of the policy “belongs” to the surviving spouse. If a third person is named beneficiary of a community owned life insurance policy, and the surviving spouse did not sign a waiver, then the surviving spouse may challenge the beneficiary designation. If naming the other person is found to be a fraud on the surviving spouse, the spouse may be awarded a share of the death benefits and the named beneficiary will be entitled to receive the remainder. If you have an insurance issue that you would like to discuss, please contact us.

If you would like to discuss this with our firm, please call us at (214) 696-0021, or click below to instant chat with us.

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• 25/12/2009 -- Can a common law spouse be a beneficiary of a life insurance policy? (0)
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