Child Support Articles - Florida Law

Life Insurance Policies to Protect Child Support
Posted on October 24, 2014
Generally, the trial court has discretion to order the party paying child support to maintain a life insurance policy to the extent insurance is necessary to ensure that child support will be paid in the event of the death of a former spouse. Although life insurance is typically relatively inexpensive, the Court must include findings that (1) the party paying the support can afford the insurance, (2) the cost of maintaining the insurance, and (3) the Court must find that there are special circumstances which would necessitate the life insurance. If for some reason the Court does not make these findings on the record before requiring the life insurance policy, the party having to pay the insurance might have an issue ripe for an appeal.
Speak with a family law attorney to further discuss the ramifications of a life insurance policy to protect your child support payments. Having a policy in place just might be the life or death difference for you and your children and achieving the financial independence you deserve.
- What Child Support Payments Can Be Paid Toward?
- How is child support calculated in a divorce?
- What can I do if my ex is always late with child support payments?
- How to Request Temporary Child Support?
- What Child Support Payments Can Be Paid Toward?
- How to Prepare for a Child Support Court Appearance
- Penalties for Failing to Pay Child Support in Florida
- What is the Difference between a Final and Non-Final Order?
- Parental Rights of Same-Sex Partners
- When Do You Need to File a Petition for Modification of Child Support?
- 10 Child Support Myths in Florida
- Do I Have to Pay Child Support if I Have No Income?
- Child Support and Income Withholding For Support Orders: What you can do when your ex is always late with child support payments?
- Child Support, Alimony and Taxes in Florida
- Interesting New Child Support Modification Ruling
- Life Insurance Policies to Protect Child Support