Credit: ssguy / Shutterstock.com 'Death Ends a Life, Not a Relationship': Life Insurance and Divorce
Parties and practitioners alike should be mindful that a parent's or former spouse's financial relationship to their children and former spouse can continue past death and should adequately plan for this continuing relationship.
March 18, 2021 at 10:00 AM
10 minute read
"Death ends a life, not a relationship." This quote, from Mitch Albom was certainly not meant in the context of a divorce, but it does apply, particularly when child support and/or alimony are a component of a divorce settlement or court ordered obligation. To ensure that the financial relationship of paying alimony and/or child support will survive the premature death of the supporting parent or spouse, those payments are often secured with a life insurance policy. This is where matrimonial law and estate planning intersect and require some careful consideration on the part of parents, spouses and lawyers.
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