Background: 50/50 parenting time, agreed to child support (I am payor)
I’m drafting some wording for life insurance for our separation agreement. I will be taking out insurance to cover my child support payments. I’m not clear if we should each be taking out insurance to cover costs of our shared (50/50) parenting time? For example, if I pass should my life insurance cover the costs of raising our child 50% of the time?
Thank you!
I’m drafting some wording for life insurance for our separation agreement. I will be taking out insurance to cover my child support payments. I’m not clear if we should each be taking out insurance to cover costs of our shared (50/50) parenting time? For example, if I pass should my life insurance cover the costs of raising our child 50% of the time?
Thank you!
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