Reasons for Possession and use: Life Insurance Respondent

You will need to explain to the court why the possession and use of this money in the way you have indicated is fair and equitable. For example, if both Petitioner and Respondent agree that Respondent should have possession and use of the money, the reason can be something like: Petitioner and Respondent agree that Respondent shall have possession and use of this money.

If Petitioner and Respondent do not agree, then you should carefully detail why possession and use of this money as you have indicated is fair and equitable. The following are some examples:

IF Petitioner is to be the sole owner of this money.

• Petitioner is the sole owner of this policy.
• This policy belongs to Petitioner and is not marital property.
• Petitioner owned this policy prior to the marriage.
• Respondent is employed and Petitioner is not. Petitioner needs this money for immediate living expenses.
• Respondent has other money and financial resources available and does not need this money.

IF Respondent is to be the sole owner of this money.

• Respondent is the sole owner of this policy.
• This policy belongs to Respondent and is not marital property.
• Respondent owned this money prior to the marriage.
• Petitioner is employed and Respondent is not. Respondent needs this money for immediate living expenses.
• Petitioner has other money and financial resources available and does not need this money.