Consider Insurance Policy

-

How Divorce affects insurance policies

In a divorce what often does not get mentioned in a marital settlement agreement is insurance. 

When ending a marriage it is important to address all the different insurance policies the family has invested.  The most common insurance policies are life insurance, car, homeowners, health and property insurance (hurricane insurance).  Some families have invested their resources in other types of insurance such as, accidental insurance or business insurance.  

 At the Marin Law Firm, P.A., we help you navigate all the components of divorce, including insurance issues.   When considering the different types of insurance you and your spouse have purchased for your family, please consider the following information.   The insurance issues should be included as a part of the divorce settlement negotiations.

1.     Health insurance for spouse. It is important to research the costs versus benefits. The law allows for the spouse who may no longer qualify for the other spouse's employer insurance plan to purchase COBRA. 

2.     Health insurance for children.  Which spouse health insurance plan is benefits the children most and is it still affordable.

3.     Life Insurance.  Consider the spouse who will be paying child support to get an insurance policy in the event he/she predeceases before the children reach 18 years of age.   Furthermore, if you have any pre-existing life insurance policy, don't forget to change the beneficiary. 

4.     Automobile insurance.   Once separated it is generally best to have separate plans.   If one spouse needs help paying for automobile insurance they may want to consider this expense as part of a spousal or alimony settlement.

5.     Homeowners insurance.  Homeowners insurance should be reevaluated post divorce.  As you and your spouse split the assets in the home a new policy should be sought to those changes and will most likely get reduced so you may pay less.  

Please call attorney Carmelina Marin at The Marin Law Firm, P.A. at 407-207-1902.
 

 
 

Comments

Post a Comment

Popular posts from this blog

PARENTAL INTERFERENCE WITH CHILD CUSTODY: What it is and how to deal with it

-
Image
TUG OF WAR When a parent interferes with the parent-child relationship, so much that the parent unilaterally decides to keep the child away from the other parent, in other words, disrupts the custody rights of the other parent.  Parental interference generally is the term used after a divorce is finalized by the court as a Final Judgement of Dissolution of Marriage or after a paternity action.   In extreme cases, the parent conceals the whereabouts of the child and those actions may lead to criminal charges.  Interference with custody orders can be a major challenge for parents litigating time sharing schedule and a parenting plan, and in the most extreme cases it may lead to criminal consequences.  Not all custodial interference is a violation of a parenting plan or time  sharing schedule.  If a parent has a reasonable belief that they are protecting the child from danger, or bad weather prevents the child exchange, or an unexpected family e...
Read more

Immigration News - "DACA"

-
Image
Deferred action for childhood arrivals, or "DACA"   Who Is Eligible for DACA   Under the new DACA program effective in early 2015, you may apply for deferred action status if you:   had not yet turned age 16 when you came to the U.S. to live   have continuously lived (“resided”) in the U.S. since June 15, 2010 up to when you apply (excluding any brief, casual, and innocent departures)   were physically present in the U.S. on June 15, 2012, and also at the time you apply for deferred action   either entered the U.S. without inspection before June 15, 2012, or if you entered with inspection, your lawful immigration status (such as a visa or Temporary Protected Status (TPS)) had expired as of June 15, 2012   are either in school now (unless absent for emergency reasons), have graduated or earned a certificate of completion from an accredited high school, have obtained a general education development (GED) certificate, or are an h...
Read more

"How long will it take to divorce my spouse?"

-
It's one of the first questions asked by individuals seeking to end a marriage. Well that depends on the clients, attorney's and the court system.  However, when the parties use and are successful in a mediated divorce progresses is entirely in the hands of the parties themselves. The divorce process can be difficult, time consuming and emotional.   Therefore to understand the process may make it less challenging.   A typical Uncontested Divorce follows this process:   ·         Once you have retained counsel then your attorney shall begin gathering information from you to draft the necessary initial legal documents.    ·         File Summons and Petition (for Dissolution of Marriage) and formally serve the documents on the opposing party, identifying the nature of your claim and the relief you are seeking...  wait 20 days for response. ·  ...
Read more