Julie Auerbach, Astor Weiss Kaplan & Mandel Superior Court: Life Insurance Proceeds Are Not Marital Assets
The case is interesting because of the unusual nature of life insurance proceeds as well as the fact that the courts had not previously faced this issue head on even though the divorce code has been in effect since 1980.
February 04, 2021 at 11:45 AM
6 minute read
As a matter of first impression, in Goodwin v. Goodwin, 2020 Pa. Super. 284, filed Dec. 14, 2020, the Pennsylvania Superior Court found that life insurance proceeds received by one spouse during the marriage were not marital assets. The case is interesting because of the unusual nature of life insurance proceeds as well as the fact that the courts had not previously faced this issue head on even though the divorce code has been in effect since 1980.
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