QUESTION
Am I entitled to the insurance policy if it was owned by my husband but we both pay for it?
Asked on Jul 30th, 2013 on Divorce - Michigan
More details to this question:
I have a life insurance policy (whole). My husband is the owner. Policy was paid by both incomes.
3 ANSWERS
Commercial Contracts Attorney serving Boise, ID
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Peters Law, PLLC
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You are entitled to one-half the value of the policy.
Answered on Jul 31st, 2013 at 10:32 AM
Domestic Relations Attorney serving Omaha, NE
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Diane L. Berger
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if you and your husband cannot agree, the Judge will make a determination based upon what other assets you have and how they are divided, as well as any debt obligations.
Answered on Jul 31st, 2013 at 10:31 AM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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It would be considered marital property in a divorce.
Answered on Jul 31st, 2013 at 9:30 AM