Q: AS A LIFE INS BENEFICIARY RECEPIENT, IS THE "INHERITED" MONEYS SHARED WITH A SPOUSE?
MY FRIEND LOST HER GRANDSON IN THE ARMED FORCES, WAS LISTED AS A BENEFICIARY ON HIS LIFE INSURANCE POLICY. IS HER HUSBAND ENTITLED TO HALF OF IT, OR IS IT PROTECTED UNDER WISCONSIN STATUTE 815.18 (2)(5K)? EXCLUSIONS OF MARITALL PROPERTY IN THE STATE OF WISCONSIN
A: Generally, proceeds from a life insurance policy will be considered individual property, rather than marital property. However, it is possible for individual property to lose its status as individual property if it gets mixed with marital property.
Thomas B. Burton agrees with this answer
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