Hi, first time posting.
Ex wants to be named irrevocable beneficiary on my partner's life insurance to cover their children. However, we want to have children of our own and my fear is that they will not be covered because of this.
Here's my questions...
1) Can he name multiple irrevocable beneficiaries - ex / his mother OR ex / myself?
2) How hard hard is it to convince a court to allow for minor beneficiaries with a 3rd party trustee (his mother or professional)?
3) I also read on Manulife about naming the beneficiary in favour of "my children equally". Anyone heard or done this?
How do we protect our future family?!?!
Ex wants to be named irrevocable beneficiary on my partner's life insurance to cover their children. However, we want to have children of our own and my fear is that they will not be covered because of this.
Here's my questions...
1) Can he name multiple irrevocable beneficiaries - ex / his mother OR ex / myself?
2) How hard hard is it to convince a court to allow for minor beneficiaries with a 3rd party trustee (his mother or professional)?
3) I also read on Manulife about naming the beneficiary in favour of "my children equally". Anyone heard or done this?
How do we protect our future family?!?!
Comment