Hey folks, my first post here. I have searched through the posts here and have gleaned some useful information. But I wanted to ask some specific questions and see if any of the pros could weigh in with some advice. I am posting here on behalf of my mother in law.
Spouse A (wife) and Spouse B (Husband) divorce, go to court and have in place a divorce agreement which sets out the following.....
Spousal support. Spouse A does not work and she is reliant on Spouse B spousal support in the amount of 2000.00 per month payable through the FRO office.
Spouse B is to maintain a life insurance policy with spouse A as the sole benificiary in the amount of $142'000 which is to increase if the spousal support or wages increase.
Spouse A is to receive 50% of the pension benefit.
So 10 years later, Spouse B kills himself, suicide, while still on the job. His Pension has not yet kicked in, his life insurance benificiary was changed to his new wife against his court order and he was in arrears for spousal support in the amount of 4500$.
Could someone give me a rough Idea on what spouse A is entitled to receive? Will the life insurance policy still pay? It was a policy in place for over 10 years.
Must spousal support continue in some form? either through the life insurance paying, or the pension paying or from spouse B's estate?
Will the life insurance pay spouse A even if the life insurance is in the name of the new wife of spouse B? What about the court order? Do they even have to pay at all in the event of a suicide?
Thanks in advance for any of your input or advice.
Spouse A (wife) and Spouse B (Husband) divorce, go to court and have in place a divorce agreement which sets out the following.....
Spousal support. Spouse A does not work and she is reliant on Spouse B spousal support in the amount of 2000.00 per month payable through the FRO office.
Spouse B is to maintain a life insurance policy with spouse A as the sole benificiary in the amount of $142'000 which is to increase if the spousal support or wages increase.
Spouse A is to receive 50% of the pension benefit.
So 10 years later, Spouse B kills himself, suicide, while still on the job. His Pension has not yet kicked in, his life insurance benificiary was changed to his new wife against his court order and he was in arrears for spousal support in the amount of 4500$.
Could someone give me a rough Idea on what spouse A is entitled to receive? Will the life insurance policy still pay? It was a policy in place for over 10 years.
Must spousal support continue in some form? either through the life insurance paying, or the pension paying or from spouse B's estate?
Will the life insurance pay spouse A even if the life insurance is in the name of the new wife of spouse B? What about the court order? Do they even have to pay at all in the event of a suicide?
Thanks in advance for any of your input or advice.
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