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King, Spry, Herman, Freund & Faul, LLC.

King, Spry, Herman, Freund & Faul, LLC.

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equitable distribution

Precedent-Setting Goodwin Opinion Holds Life Insurance Benefits Are Gifts, Not Marital Property

February 9, 2021 by Kathy Riess

Pennsylvania’s Superior Court, in a precedential opinion, held life insurance death benefits are “gifts” and are therefore not marital property for purposes of equitable distribution. Equitable distribution is a process in which marital property is distributed equitably in a divorce proceeding. A court will only engage in equitable distribution if spouses are unable to agree on a property … [Read more...] about Precedent-Setting Goodwin Opinion Holds Life Insurance Benefits Are Gifts, Not Marital Property

Filed Under: KingSpry Blog, Lehigh Valley Family Law Tagged With: equitable distribution, Family Law, Goodwin v Goodwin, insurance benefits, marital property

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