In a recent case involving legendary lead singer of the Four Seasons, Frankie Valli, the characterization of a simple life insurance policy was anything but simple. This case is a perfect example of how one innocent transaction by spouses can have far-reaching, dramatic results in the context of a divorce. By merely titling an asset in one spouse’s name, even without a specific intention to make such property the spouse’s separate property, the other spouse may effectively be making a gift of such property, even if the community pays for it!
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Family Law Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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