- 11 - The Release also stated: "This release contains the entire agreement between the parties hereto, and the terms of this release are contractual and not mere recitals." Child Support After the settlement, decedent continued to make child support payments. However, a disagreement arose over the language in the Deed of Separation setting forth the amounts of child support to be paid. Kathleen made a claim on decedent prior to his death for what she believed was the correct amount of child support. Insurance Policies Kathleen was the sole beneficiary on a policy on decedent's life in the face amount of $100,000 issued on May 18, 1978, by Provident Mutual Life Insurance Company of Philadelphia (Provident). On March 10, 1982, Provident filed decedent's Change of Beneficiary with respect to this policy, naming Kathleen and decedent's executors as cobeneficiaries. Upon decedent's death, Kathleen received $50,680.34 as a cobeneficiary of this insurance policy. On December 1, 1980, none of decedent's children was a beneficiary of insurance policies on decedent's life; however, the children were beneficiaries of a revocable trust decedent had established on March 28, 1975. The purpose of this trust was to fund a marital deduction trust for Kathleen and a residuary trust for the benefit of "the Grantor's wife, Kathleen PowellPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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