California Supreme Court Rules Frankie Valli’s Life Insurance Was Community Property
May 16, 2014
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.”
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