marital property

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

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

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