Hello again
I'm wondering if any of you have had to split your life insurance? I had a life insurance with my wife which basically had each other as beneficiary. Now that we are divorce, she won't give me a copy of the policy. I suspect some of it is for the kids, and a part for my spouse. I want to keep money in trus for my kids but I feel that my new spouse should have also some money for our current common expenses.
My ex refuses to split the life insurance. And I can't cancel it without her agreement. I'm not sure what can be done. I don't want any link to her, or have her as beneficiary anymore. I would like to have the freedom to choose who will get my money and be able to add dependants as well if the situation arise. I've had the policy for a long time and I would hate to have to start all over... if I can get out of that one of course.
I found an insurance for spousal Familysure... which basically is an insurance in case of death that my child support will be paid to my ex on a monthly basis until the kids are 23. To me, that should be enough to help her in case of death. And my kids would have the rest in trust.
Not sure how to handle this.
I'm wondering if any of you have had to split your life insurance? I had a life insurance with my wife which basically had each other as beneficiary. Now that we are divorce, she won't give me a copy of the policy. I suspect some of it is for the kids, and a part for my spouse. I want to keep money in trus for my kids but I feel that my new spouse should have also some money for our current common expenses.
My ex refuses to split the life insurance. And I can't cancel it without her agreement. I'm not sure what can be done. I don't want any link to her, or have her as beneficiary anymore. I would like to have the freedom to choose who will get my money and be able to add dependants as well if the situation arise. I've had the policy for a long time and I would hate to have to start all over... if I can get out of that one of course.
I found an insurance for spousal Familysure... which basically is an insurance in case of death that my child support will be paid to my ex on a monthly basis until the kids are 23. To me, that should be enough to help her in case of death. And my kids would have the rest in trust.
Not sure how to handle this.
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