I have a question that I was hoping someone may be able to answer.
my partner has a life insurance clause in his custody papers stating "the respondent (him) shall maintain a policy of life insurance with a minimum face value of $XXX naming the applicant (ex) as the sole irrevocable beneficiary...."
After the agreement was signed and stamped by the judge she changed her name to her maiden name. Does he have to go back and change his life insurance? It has been set up for some time - he never did make any changes to a policy that has been in existence since shortly after they got married. Or is it up to her to prove (if he dies) that she is the beneficiary. I can see the fiasco that will happen since she is down as an irrevocable beneficiary she would have to sign off on that policy to change the name on the policy. She probably wouldn't do it and to cancel and start a new policy would cost too much money given his age now. Has anyone encountered this before?
my partner has a life insurance clause in his custody papers stating "the respondent (him) shall maintain a policy of life insurance with a minimum face value of $XXX naming the applicant (ex) as the sole irrevocable beneficiary...."
After the agreement was signed and stamped by the judge she changed her name to her maiden name. Does he have to go back and change his life insurance? It has been set up for some time - he never did make any changes to a policy that has been in existence since shortly after they got married. Or is it up to her to prove (if he dies) that she is the beneficiary. I can see the fiasco that will happen since she is down as an irrevocable beneficiary she would have to sign off on that policy to change the name on the policy. She probably wouldn't do it and to cancel and start a new policy would cost too much money given his age now. Has anyone encountered this before?
Comment