Queens Divorce and Family Law Attorney Bruce Feinstein, Esq. Discusses Life Insurance to Secure Alimony and Child Support Payments
The divorce process in
One way to ensure that child support and alimony payments continue despite the paying parent's death is to secure those payments with a life insurance policy. Some spouses already have life insurance, while others who qualify can obtain new or increased life insurance coverage during the divorce proceeding. Life insurance policies to cover the payor's support obligation are a way to safeguard the costs of raising a child in the event of the paying parent's death. This can be especially important in divorce cases where there is a lot of money at stake.
While life insurance functions as a safety net for families and spouses, it is not required by law in the state of
The issue of a life insurance benefactor is one of the most common questions
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Read the full story at http://www.prweb.com/releases/2015/12/prweb13105023.htm
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