In a New Jersey, seasoned divorce attorneys understand that, in addition to alimony and child support, most divorce orders or settlement agreements also contain provisions for maintenance of life insurance by the supporting spouse for the benefit of the supported spouse. The experienced attorneys at my law firm understand that, like all support provisions, New Jersey divorce courts place great importance on the enforcement of life insurance provisions, and take a failure to maintain such an obligation very seriously. In Ashmont v. Ashmont, the Honorable Judge Jones of the Ocean County Family Part court found that ex-husband, Steven Ashmont, failed to abide by the life insurance obligation provision in his property settlement agreement, and order two forms of relief to remedy the failure. Judge Jones ordered: (1) a change of ownership of the current policy; and (2) financial sanctions against Steven.
[Read more…] about Why Must I Have Life Insurance If Alimony or Child Support Is Part Of My Divorce?