Hello
In 1997, I signed a divorce settlement that made provision for my ex wife to hold a life insurance policy on my life, which she paid/pays for. It is stated in settlement that the ex wife is irrevocable beneficiary of the policy, with all rights assigned to her for the benefit of our child, who was ten years old at the time.
My question is whether this provision would expire once the child became an adult, and since she is nineteen years old, now. I would like to know how/if I can loosen my ex wife's hold on my life & all I own, since I am remarried, and my daughter has pretty much disowned me and has been negatively influenced by my ex in her successful attempt to divide us.
The settlement states that if she does not receive insurance benefits as agreed, she has the right to file a claim & bring action against my estate for those benefits.
My present wife & I have been put thru so much horror & heartache, already, and the last thing I would want to happen to my present wife, should anything happen to me, would be for her to be "robbed" of what we worked so hard for.
Thank You for your time!
In 1997, I signed a divorce settlement that made provision for my ex wife to hold a life insurance policy on my life, which she paid/pays for. It is stated in settlement that the ex wife is irrevocable beneficiary of the policy, with all rights assigned to her for the benefit of our child, who was ten years old at the time.
My question is whether this provision would expire once the child became an adult, and since she is nineteen years old, now. I would like to know how/if I can loosen my ex wife's hold on my life & all I own, since I am remarried, and my daughter has pretty much disowned me and has been negatively influenced by my ex in her successful attempt to divide us.
The settlement states that if she does not receive insurance benefits as agreed, she has the right to file a claim & bring action against my estate for those benefits.
My present wife & I have been put thru so much horror & heartache, already, and the last thing I would want to happen to my present wife, should anything happen to me, would be for her to be "robbed" of what we worked so hard for.
Thank You for your time!