Life policy question for the state of Texas

Do you have kids and if so, is your wife okay with this? My family dynamic is perhaps so different from yours that I'm having a hard time wrapping my brain around putting my parents or siblings as a life insurance beneficiary.

My first thought would be to set up a trust for your wife and kids and a separate trust for your parents and siblings.

Even in community property states, life insurance policies are passed outside of the community estate to the named beneficiary, I believe subject to a credit for any premiums paid by the community.

Don't take my word for it, I've been drinking. Don't sue me either, not legal advice, i advise seeing an attorney for advice, etc etc leave me alone.

I believe your wife has to consent to the beneficiary change. This is because she now has an interest in the policy, with Texas being a community property state. As long as she consents, you should be all set. I seem to recall having seen people need spousal consent in areas like this. Community cash is being used to fund the policy, I assume.

And if she doesn't consent, my boy, you got other issues!

EDIT: I found this: LINK