- 10 - provision for his wife, Mrs. Street, and the trial and appellate courts specifically found that the arrangement was fair to her. The Texas courts have held, and we are satisfied, that decedent's surviving widow, Mrs. Street, had no community or other interest in the insurance proceeds on decedent's life, after decedent made his change of beneficiary designation and died. We need not linger on whether the highest court of the relevant State (Texas here) has definitely spoken on the issue at hand. In the State court litigation, the trial court, pursuant to jury findings, ruled in favor of decedent's estate as sole beneficiary of decedent's life insurance. The Texas Court of Appeals affirmed this result, specifically pointing out that under Texas law, decedent had the right to dispose of the proceeds of the community property insurance on his life as long as it was done in a manner not unfair to his wife, and that it was so done in this case; an attempt to secure a writ of error in this matter from the Texas Supreme Court was refused. We find no rulings of the highest court of Texas that are adverse to the result in Street v. Skipper, supra, and we accept this as the correct statement of the law of Texas; Commissioner v. Estate of Bosch, supra. In addition, as to this issue of the proper party to receive decedent's life insurance, it is the same issue before this Court as it was before the Texas courts. Those courts have answeredPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 Next
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