Friday, May 16, 2014

California Supreme Court Rules Frankie Valli's Life Insurance Was Community Property

Okay, let the song metaphors begin, and please, let's sing them with a nice falsetto. 

Singer Frankie Valli, now age 80, has been starring in a long-running divorce proceeding.  (He and his wife separated in 2004).  On May 15, it was the California Supreme Court harmonizing with him over his claim that a $3.75 million life insurance policy he purchased in 2003 with "community funds," and on which he named his then-wife as the sole beneficiary, retains its character as community property.  In other words, the surrender value of the policy ($400,000) is not entirely hers to keep. 

Here's a link to In re Marriage of Frankie and Randy Valli

I'll start with "Big Girls Don't Cry" -- or maybe "My Eyes Adored You."

http://lawprofessors.typepad.com/elder_law/2014/05/california-supreme-court-rules-frankie-vallis-life-insurance-was-community-property.html

Music, State Cases, State Statutes/Regulations | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef01a511ba1329970c

Listed below are links to weblogs that reference California Supreme Court Rules Frankie Valli's Life Insurance Was Community Property:

Comments

Post a comment