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Divorce-related insurance division: some things to think about

Many Massachusetts residents involved in the divorce process obviously have property-related concerns, most specifically issues surrounding an equitable division of marital assets.

And within that select sphere of concerns is the division of insurance, which, as we note on our family law website at the Wellesley Law Offices of Lisa A. Ruggieri, can be especially important in divorce matters featuring spouses with minor children.

Health insurance will undoubtedly top the list of "insurance-related things to think about" for such couples, perhaps now more than ever before in light of the present turmoil on Capitol Hill regarding American health care and its future.

Where insurance is concerned, though, a focus on far more than health matters alone surfaces -- and with urgency -- in many divorces, which can make a timely consultation with a proven property division attorney a reasonable move for any party thinking about post-divorce certainty, fairness and protection.

Life insurance will unquestionably be a big deal where kids are involved. As we point out in a firm-linked article on our website addressing insurance division in a divorce, it is often a requirement for one parent "to provide life insurance for any minor children along with the former spouse." In some instances, insurance proceeds can be directed to a trust established to benefit children, with that planning vehicle itself designated as the beneficiary (in lieu of an ex-spouse).

Other forms of insurance can rise to a level of materiality in a divorce. Auto insurance and homeowners protection come readily to mind.

An experienced family law attorney can help ensure that a divorce client adequately focuses on insurance matters in a marital dissolution and takes steps that will fully protect all concerned parties.

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