LEONARD M.WEINER, ESQ, Ph.D.

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LEONARD M.WEINER, ESQ, Ph.D.

(212) 370-1660

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(212) 370-1660

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Question #227

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. My husband and I 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?

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 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.
Leonard Weiner, Esq./Divorce Solutions

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