A divorce changes your life - and it follows that a divorce should also change your life insurance needs. While many people going through a divorce in Washington State are preoccupied by worries regarding property, alimony, child custody, and child support, it is very important that you also remember to review and revise your life insurance policy. In addition, it is important to make sure that your children will have the financial support they need if you or your spouse were to pass away.
Here are a few questions that you should ask yourself (and your divorce attorney) regarding life insurance and divorce in Washington State:
- Should I ask my spouse to maintain a life insurance policy for my children after our divorce?
- Do I need to change the terms or amount of my own life insurance policy now that I am on my own?
- Do I need to change the beneficiary of my life insurance plan now that I am going through a divorce?
- Is my spouse going to change the beneficiary on his or her life insurance plan during or after the divorce?
- Will our life insurance plans be changed if either of us remarry or start a new family?
- Will I need to seek a court order in regards to a life insurance policy for me or my children?
How to move forward with life insurance policies after a divorce can be complex, and answers and solutions to life insurance issues will be different for different families. If you have questions about your life insurance policies or your spouse's life insurance policies and how divorce will affect them, it is important to speak with a Seattle divorce attorney who can help you understand the legal implications of your situation and make certain that you and your family are protected and treated fairly.
To schedule a meeting with a Washington divorce lawyer, call the Law Offices of Molly B. Kenny today.