Primarily servicing the greater New York City metropolitan area



LEONARD M.WEINER, ESQ, Ph.D.
DIVORCE SOLUTIONS
206 East 38th Street
New York, N.Y. 10016
(212) 370-1660

FINANCIAL ISSUES - MARITAL PROPERTY V. SEPARATE PROPERTY

Question #277:
Hello,

I received monies from my mother's life insurance policy a couple of months ago. The money has been sitting in a total control account solely in my name. Me and my husband are about to file for divorce. I have read that he is not entitled to any of my inheritance as long as the account is separate, but is money received from a life insurance policy considered inheritance?

Answer:

In New York, The proceeds of a life insurance policy as well as money received as a gift, bequeath, or inheritance, should be considered separate property if they are kept in a separate account and not commingled with marital assets. I imagine the law in Texas is the same, but check the law in Texas with an attorney to be sure.

Leonard Weiner, Esq./Divorce Solutions
Back to content