Child Custody Quick Tips, Tools and Hacks #392 - How can a Life Insurance policy affect your case?
Updated: Dec 6, 2022
Part of being successful in Child Custody and Co-Parenting is just coming off like you have your $h*t together. Want 50/50 custody or more? Want DHR out of your life? Be the kind of parent that has a life insurance policy by having a life insurance policy. Here are some things you need to know.
First, a child can’t receive the funds directly. So you’ll need help setting someone up as a conservator of the funds and you may not want the other side to be that person. The good news, they don’t have to be. You can set someone up on your side of the family or if the circumstances are appropriate, a third-party individual or institution can manage the funds for the benefit of the Child. You don’t even have to set up a trust.
There are still pitfalls, though, but what would you want for your Child’s future if anything ever happened to you?
If you would like to learn more about how you, as a committed parent or caring relative, can stand up for yourself and be more effective in your child custody, divorce, or adoption case, contact an experienced child custody lawyer at Foxtrot Family Law by clicking the“book appointment online” on the menu or top right of your screen to schedule your initial consultation at one of our offices.
This article contains general information and should not be construed as legal advice for you and or your unique situation.