Legal Question in Family Law in Pennsylvania
divorce involving minor children
spouse wants life insurance policy for the children in case the father dies prematurely. she wants to be the beneficiary on the policy to control how the children spend the money. is there a way to avoid her being named the beneficiary or put restrictions on how they spend the money?
Asked on 4/16/07, 10:20 am
1 Answer from Attorneys
Matthew Nahrgang
Nahrgang & Associates, P.C.
Re: divorce involving minor children
Divorce agreements can contain anything the parties agree to. However, such restrictions are not common. Rather, agreements usually simply provide for the life insurance and the beneficiaries handle the proceeds anyway they deem fit. It is their property.
I trust this answers your question but feel free to call or E-mail on a free initial basis.
Answered on 4/16/07, 2:57 pm