Tuesday, April 22, 2014

Maintenance - What Happens if my Ex-Spouse (Payor) Passes Away, How do I Protect Myself?

You should include a provision within your Marital Settlement Agreement that the ex-spouse payor must obtain a life insurance policy in his/her name with the ex-spouse payee as the sole beneficiary.  The payor would be obligated to maintain this policy until the maintenance term is completed.



Maintenance - What Happens if my Ex-Spouse (Payor) Passes Away, How do I Protect Myself?

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