equitable distribution

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