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HOLT v. HOLT

995 S.W.2d 68 (1999)

Tommy Neal HOLT, Deceased, Plaintiff, v. Marilyn Kay Hollingsworth HOLT, Defendant/Third-Party Plaintiff/and CounterDefendant/Appellee. Elliott Nathan Holt, Third Party Plaintiff and Counter-Defendant/Appellee, v. Vickie Lewis, Administrator Ad Litem for the Estate of Sophia Holt, Third Party Defendant and Cross-Defendant/Appellant. In Re: Proceeds of Old Line Life Insurance Company of America Policy No. 1878593L.

Supreme Court of Tennessee, at Nashville.

On Motion to Clarify Judgment June 7, 1999.

Attorney(s) appearing for the Case

John L. Whitfield, Jr., Nashville, TN, for Appellant.

John G. Doak, Sr., Nashville, TN, for Appellees.

OPINION

DROWOTA, J.

In this case, we determine the rights of parties to the proceeds of a $50,000 insurance policy insuring the life of Tommy Neal Holt, now deceased. In a marital dissolution agreement incorporated in a divorce decree, the decedent had agreed to acquire a $100,000 life insurance policy naming his child as beneficiary and his former wife as trustee. At the time of his death, the decedent owned a $40,000 insurance policy naming his child as...

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