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I will be filling for divorce soon and my father passed away last week. I will be receiving a small amount $20,000 in life insurance from his death. Will this have to be split between me and my wife?
I will be filling for divorce soon and my father passed away last week. I will be receiving a small amount $20,000 in life insurance from his death. Will this have to be split between me and my wife?
Ok, I'll rephrase.
The money belongs to the named beneficiary or beneficiaries. From the way you have described your situation, you wouldn't have to "share" so long as you don't do something to make the funds "marital funds"
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