Divorce Planning and Life Insurance Policies – What Steps Should You Take?
Family Law Legal Help in Somerville, New Jersey
Most people associate the topic of divorce planning with issues such as alimony, child support and the division of a home, savings accounts and other marital property. A comprehensive divorce process, though, should also visit the questions of 1) should an existing life insurance policy be retained post-divorce? 2) should a life insurance policy be purchased to insure against the possibility of an early death by the spouse who will make support payments? 3) What life insurance policies may be needed to protect children of the divorce?
The New Jersey family law attorneys of Lyons & Associates in Somerville can help you identify and achieve life insurance goals relative to a divorce. For example:
- If you and/or your family will be dependent on your former spouse, we can include life insurance expenses in negotiations.
- If your former spouse is to be responsible for life insurance expenses, we can raise the possibility that you remain informed about the policy so that you can ensure that premium payments are met.
- If you and your spouse have wealth held inside an existing life insurance policy, we can advocate for your rights regarding that wealth when marital assets are being divided.
At Lyons & Associates in Somerville we practice family and divorce law exclusively, and our attorney team includes skilled litigators, a lawyer who holds a master’s degree in social work and a certified mediator. We can aggressively pursue your full property rights while providing understanding and supportive representation. To contact us regarding any family law issue, please call 908-575-9777, or fill out our online intake form.