Legal Question in Family Law in Illinois
death benifits
I was told that as long as a child is under age in Illinois the parent who is paying the support must have all thier life insurance in the children's name until they finish college...which means the parent they reside with would reap the other parents death...is this a law in Illinois or just a nice idea?? thank you...Rebecca
Asked on 12/09/06, 12:28 pm
1 Answer from Attorneys
Zedrick Braden III
Ainsworth & Associates PC
Re: death benifits
Hello. Generally the court will order that both
parents have life insurance naming the child as
an irrevocable beneficiary in an amount set by
the court. However, this will not prevent the
parents from having other life insurance for their other children. Will be happy to answer
any additional questions you may have.
Answered on 12/09/06, 9:42 pm