Mediate Michigan

When it comes to the financial side of divorce settlements, I frequently see evidence that either no financial planning was done or that well-hidden financial benefits miraculously end up skewed to one side or the other. Either the financially sophisticated spouse or the one who hired financial counsel is typically the winner.

Many divorce decrees require that the breadwinner carry life insurance to fulfill any outstanding financial obligations from the divorce such as future child support or alimony payments. I’d recommend two ways to protect yourself if no proof of coverage is required of your ex.

First and best would be for you to become the actual owner of the policy as opposed to your former spouse.

via Making Cents: How to come out a winner in a divorce – Holland, MI – The Holland Sentinel.