Kimberly Anne McGrath v. Melissa Powers Hester

Syllabus

This appeal arises from an action regarding life insurance proceeds. As part of a permanent parenting plan, both parents were to insure their respective lives for $300,000 until the child support obligation was completed, with the children named as the sole beneficiaries to the policies and the other parent named as trustee for the benefit of the children. The Trial Court granted summary judgment finding that the children had a vested interest in the life insurance policy but that they were only entitled to the portion of the proceeds equivalent to the remaining child support obligation. With the defendant's concession on appeal that the children had a vested interest in the life insurance proceeds, that a constructive trust was appropriate, and that the most recent permanent parenting plan was controlling, the only issues before this Court involved the amount of life insurance proceeds to which the children were entitled and attorney's fees. We modify the amount of the Trial Court's judgment and hold that the children are entitled to the entire $300,000 life insurance proceeds per the agreed permanent parenting plan. We affirm the Trial Court's denial of attorney's fees. Additionally, we deny the mother's request for an award of attorney's fees incurred on appeal.