Legal Question in Family Law in New Jersey

Her Life Insurance

My wife and I are presently separated for over 2 1/2 years and have decided to divorce. I have a life insurance policy on her for $100,000 that I have been paying since 1986. What should I do with this policy? Is it my decision as to what is done with it? Does it go into the divorce proceeding? Can I ''cash it in'' and receive the accumulated interest or what? I am really out in left field with this. Any help would be greatly appreciated.


Asked on 8/27/05, 2:25 pm

2 Answers from Attorneys
Gary Moore Gary Moore Attorney At Law

Re: Her Life Insurance

In a divorce all assets are distributed between the parties. You should not cancell her insurance

coverage without prior notice to her

Gary Moore, Esquire

Hackensack, New Jersey

800 273 7933

www.garymooreattorneyatlaw.com

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Answered on 8/27/05, 3:42 pm
Robert Davies The Davies Law Firm, P.A.

Re: Her Life Insurance

This is one of the assets that must be divided in the divorce proceeding. Do not cancel or cash it until you hire a divorce attorney and get expert advice.

Call if I can assist, 973 890 0400

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Answered on 8/27/05, 7:13 pm


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