I live in Utah, and I have been seeing dating a married man story married man for almost six years. Although we both care greatly for each other, our relationship started as and remains a mutually beneficial one: money for me, companionship for him.
He has been my sole source of income for the last 5 years, paying every single expense I have, and he is happy to do so because he loves me, and I provide an escape from his miserable home life his words. His wife knows nothing of me or the policy. He is mentally sound always has been and in great health. I need to know if his wife would have any claim to that policy should she discover it after his death.
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What is the likelihood a lawsuit would be in her favor if she sued? Does it matter who makes the payments on the policy? Want to read more? Follow Quentin Fottrell on Twitter and read more of his columns here. Shame is a terrible, destructive force in individuals and societies, and I would not wish it on anyone. Married life is more complicated than many people care to admit. Others are marriages of convenience.
And, yes, some wives are probably glad to have time and space for themselves, and would rather others listen to their husbands. To your question, Utah is an equitable-division state, so a challenge would be risky and expensive. However, a spouse may have a right to claim dating a married man story one of the nine community-property states, under the assumption that marital funds were used to pay the premiums. It may also be easier, if it was permitted by this policy, to make you the owner of the policy. While the estate is held in the courts, fees, taxes, and other penalties will continue to build. This takes less time and costs less money.
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In this process, the interested parties can figure out a way to split the benefit to avoid a costly and lengthy court battle. As to your other question, it depends on the terms of the particular policy, but the insurance company is mostly concerned that the premiums are paid in full, per the agreement. Your partner is not being transparent in life, and only in death is he prepared to reveal the truth about your relationship. My wife wants to upgrade our home and life.
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Retirement Planner. Sign Up Log In. Home Personal Finance The Moneyist. Could his wife sue to claim this money?]
Certainly. All above told the truth.
And indefinitely it is not far :)
It is good idea. It is ready to support you.