What is the name of your state? Wisconsin
My late husband was divorced from his first wife back in 1995. In the divorce decree there was a provision for life insurance that stated: "Both parties shall maintain in full force and pay the premiums on all life insurance presently in existence on their respective lives, with the parties' child named as sole and irrevocable primary beneficiary until the child reaches the age of majority or until she reaches the age of nineteen, so long as she is pursuing an accredited course of instruction leading to the acquisition of a high school diploma. During the term of such obligation, the parties shall furnish each other with copies of such policies or evidence of there being such insurance in full force and proof of beneficiary designation upon request."
The only insurance that my husband had at the time was as a free benefit through his employer. There were no premiums and no options to convert that policy at the time when he terminated his employment. In fact, both parties moved around and changed employment which would have nullified any employee sponsored life insurance that was in effect at that time.
Years after we married, we began new policies that designated each other as our beneficiaries with all of the children (his from his first marriage and our own) as secondary beneficiaires.
Now that my husband has passed away, his ex-wife is asking about that initial policy and wondering if their daughter is owed any money from his current life insurance policies - even though she was not listed as beneficiary on those policies. I do intend to create a trust for his daughter, as I will for my own children, with the life insurance proceeds, but his ex-wife wants that money upfront, without any stipulation as to how it's used.
Any help would be appreciated.What is the name of your state?