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A payor-ex-spouse buying life insurance for the payee-ex-spouse as part of a divorce settlement is almost ubiquitous. Although estate planners routinely recommend that clients review their planning periodically ' especially if a change occurs ' few clients tend to listen. The cost of not heeding that advice, and a few interesting legal issues, were pointed out in McCall v. Smith, 252 S.W.3d 663; 2008 Tex. App. LEXIS 2387.
Insurable Interest Post-Divorce
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