There are two main and different considerations in regard to life insurance and divorce proceedings. First, if the parties have minor children and/or a party is obligated to pay child support, maintenance (also known as alimony) or property payments then the court may order or the marital settlement agreement will likely include language that requires a party to obtain or maintain life insurance for the duration of the financial obligation to the other party. While this may seem like an unfair obligation, the courts have determined that the burden placed on the party who has a duty to make the payment far outweighs the possibility of the other party or family members to seek state or federal government aid after the death of a party that still has an existing obligation.
Second, if a party has no financial obligations to the other party after a divorce, then each party must also keep in mind that obtaining a divorce in Illinois does not automatically remove the former spouse as a beneficiary to a policy and each life insurance policy should be awarded to one party. It is important to ensure that settlement terms are clear as to which party is being awarded which life insurance policy, as changes (such as beneficiary) will have to be made after the case is finalized. Oftentimes, there are also cash values or monthly payments that must be made to ensure continuing coverage or payout, so clear guidance from a family law attorney on the life insurance policy aspect of a divorce is important since the long-term future ramifications can be significant. Contact the knowledgeable attorneys at WARD FAMILY LAW, LLC, to learn more about life insurance in divorce.
I'm so thankful that I found Jennifer and her awesome team to help me with my divorce! It was incredibly stressful and scary to go through this process, especially with two little ones, but she has given me the support and confidence that I need. She is extremely intelligent, level-headed, supportive, and reasonable! I was anxious in the beginning thinking that I would have to go to court, but she gave me the peace of mind that I needed to get thru it and not be anxious. I would highly recommend her to anyone going through this difficult process. I…
She is a nice lawyer. She helped me to fix my passport issue among other things, including family problems.
Initially, I'd thought to navigate through troubled waters on my own in the divorce process due to the cost. I hadn't before needed representation in any court case, and, not being familiar with the costs involved in having a lawyer, I was worried about moving forward with one. My fear was the expense. I felt comfortable with Jennifer Ward from the moment I first spoke with her - contacting her to set up a consultation costs you nothing. In the end, the retainer and fees spent to end my case on a high note were worth every penny. They sent…
As with most family law issues emotions were running very high and I needed legal help with my divorce and to reach my goals for parenting time with my children. I found WARD FAMILY LAW after a lot of research and everyone there worked out great for me. Jennifer and Tania always took the time to listen to the situation and really assess what the best plan of action would be. They really helped with the situation and helped me get to a place of peace with my divorce and time with my children. I highly recommend them!
Jennifer Ward and the lawyers at WARD FAMILY LAW were the perfect attorneys for me in a very complex and challenging child custody case. This was an intensely painful, frustrating and contentious relationship with the father throughout the months it took to resolve parenting time. Jennifer was patient, affirming, honest, realistic, and available at every turn. She explained the various court actions and helped me balance the risks and benefits of each move. Her advice was right on. After countless court dates, I got more than I could have ever imagined or dreamed of. Words can't express the gratitude I…
Jennifer Ward of WARD FAMILY LAW made me feel safe and comfortable, but most importantly heard. Her whole legal team was professional and communicated well. Fast responding when I had questions... I feel like they really understood my concerns and backed me up and that felt good! I would recommend her to anyone looking for support through the divorce process.
I typically do not do reviews but after my experience interviewing lawyer after lawyer, I felt compelled to share my experience. So many offer a “free consultation” but don’t be fooled. Often this is just to get you in their office and start charging. I was referred to Jennifer by a friend and didn’t go right away. When I felt like I had exhausted all my options I called Jennifer for her free initial consultation - which was actually free - she took the time to listen to all the facts of my case, my concerns, what outcome I was…
Highly recommended. I know Jennifer Ward personally and professionally - she has an apt ability to provide meaningful insight and clarity into complex issues. I have and will continue to recommend her services to anyone seeking legal assistance.
Jennifer was very helpful, professional and gave me very sound advice. The process was quick because she filed everything in a timely manner. I'm very happy with how she represented me.
Working with Jennifer was a smooth and seamless process. I was most impressed with her negotiation skills, attention to detail, and knowledge of the law. I highly recommend WARD FAMILY LAW to anyone looking for a skilled attorney.
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