Life Insurance Policies and Texas Divorce Laws
In Texas, a community property jurisdiction, the treatment of life insurance during a divorce depends on the policy's initiation timeline. If the policy was opened during the marriage, it's considered community property. Conversely, if the policy was established before the marriage, it's separate property. However, any increase in value during the marriage is deemed community property and subject to division.SCHEDULE YOUR $275 CONSULTATION
Divorce can be challenging, especially when dividing assets into high-net-worth cases. At Rose Sanders Law Firm, we fight for our client's financial rights with compassion and understanding. If you and your spouse are facing divorce and uncertain about the next steps, our experienced attorneys are here to help.