A court has reversed a decision that Frankie Valli's wife could claim his life insurance policy. Source: AAP
SORTING through the aftermath of music legend Frankie Valli's messy divorce, the California Supreme Court sang a tune that suggests that in some cases big girls may have to cry a little when it comes to splitting the spoils of marriage.
In a decision that dealt with a murky area of California divorce law, the state's Supreme Court on Thursday unanimously found that Valli's former wife, Randy Valli, is not entitled to the full amount of a life insurance policy taken out on the singer, best known for performing with the Four Seasons.
The case centred on Valli's decision in 2003, shortly before separating from his wife, to buy a $US3.75 million ($A4.06 million) life insurance policy, naming Randy Valli as the sole beneficiary.
When the couple divorced after more than 20 years of marriage, Randy Valli argued the $US400,000 value of the policy at the time was all hers - while lawyers for the singer argued the policy was community property under California divorce laws, paid for with their joint money, and should be split evenly with the rest of their marriage assets.
The Supreme Court took the case to resolve the question of whether such an insurance policy can be considered a wife's separate property in divorce proceedings, or is tied up as community property.
In this high-profile instance, the judges concluded it is community property, reversing an appeals court decision.
"(Frankie Valli) never expressly declared in writing that he gave up his community interest in the policy bought with community funds," wrote Justice Joyce Kennard, who recently retired from the court.
Valli was backed in the case by a group of family law professors, including former University of California, Berkeley law school dean Herma Hill Kay.
Randy Valli didn't need the justices' help in securing her financial future: she is pulling in $US500,000 a month from the now 80-year-old singer, celebrity website TMZ says.
Anda sedang membaca artikel tentang
Frankie Valli wins decision on insurance
Dengan url
https://writerlovery.blogspot.com/2014/05/frankie-valli-wins-decision-on-insurance.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Frankie Valli wins decision on insurance
namun jangan lupa untuk meletakkan link
Frankie Valli wins decision on insurance
sebagai sumbernya
0 komentar:
Posting Komentar