On behalf of Stange Law Firm, PC posted in Family Law on Thursday, April 9, 2020.
Getting a divorce can no doubt be complex from a financial standpoint. Unfortunately, it is easy for divorcing individuals in Missouri to get so wrapped up in specific financial divorce issues that they neglect other ones that are just as important. One financial issue that is frequently overlooked during such family law proceedings is how to address life insurance.
As people embark on the process of divorce, they may want to think about what drove them to buy life insurance months or years ago. An attorney can then assist them in determining the roles that their current insurance policies will play in the aftermath of their divorce proceedings. In addition, the attorney may provide advice regarding whether to obtain new policies after they get divorced.
An attorney could additionally offer divorcing individuals insights regarding their insurance obligations after they get divorced. Also, divorcing parties may receive advice about how to confirm that their soon-to-be exes are insured. These individuals may also learn from their attorney whether they are insurable and how much life insurance coverage to pursue for the future.
No aspect of divorce is simple, especially when it comes to finances. This is especially true for spouses who have a number of assets or who have high-value assets. For this reason, consulting a family law attorney as soon as possible is critical for individuals in Missouri who are seeking divorce. The attorney will push for a fair and comprehensive settlement for his or her client while keeping the client’s best interests at the center of the divorce proceeding.