Flanigan v. Munson

The opinion of the Court was delivered by

VERNIERO, J.

This case involves a property settlement agreement under which a former wife and husband agreed to name their “children as the irrevocable beneficiaries (until emancipation) on any life insurance policies either of them avail[ed] themselves of through employment.” Subsequent to that agreement, the former wife obtained two insurance policies through her employer, but she listed no beneficiaries. In the wake of that party’s death, the issue before us is whether the Appellate Division properly imposed a constructive trust on the insurance…