RC411V wrote:Looking at a draft MSA I have a clause that describes dad having to either carry significant life insurance or agreeing that estate will continue child support in the event of his death.
I have not seen this or heard much of it. Not sure if it is more common in some states vs others, or I can easily imagine when a parent has significant $$$ it might be an issue.
Since I'd be dead who gives a < feces > for me, but I'm not going to change my life insurance policy that I have through my employer, and talking about rights to my 'estate' seems kinda dumb. Like, how would it be enforced, what about my other kids, who would get to pick first when it came to division.
It doesn't seem very realistic and/or enforceable, and I don't like planning for death in the next 15 years.
Any insight onto this kind of policy being in a divorce judgment?
ScaredNConfused wrote:There will be no reciprocal policy because my income is so much greater and it was declared that the chances of my stbx ever even coming close to my income won't happen.
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