What is the name of your state? Nevada
The divorce decree was written in 2004, the youngest child is now 19 and support is no longer required under NV law. (Eldest is 26 and married) The divorce decree states two things of interest, one, neither will go after each other’s estates after their respective deaths unless it is in the interest of a minor child. And secondly, the last paragraph states that “the parties acknowledge that they each have life insurance on themselves payable upon their respective deaths and that each party acknowledges and hereby agrees to name each other as IRREVOCABLE beneficiaries under their respective life insurance policies”. Both have since remarried and one spouse has named their current spouse as beneficiary after the minor child turned 18 and graduated HS. This spouse has terminal cancer, the other spouse has been harassing his HR Dpt to see if he has life insurance and who the beneficiary is. (They obviously didn’t release information) So the questions are, does the one party have a leg to stand on to lay claim to the insurance payment since both children are now adults? Since they did not specify a time limit for it to end nor that it was for the support of the minor children, is it naturally assumed by NV courts that the agreement is terminated/null & void once the children became adults? And, since no dollar amount is specified for the required coverage, is it better to leave $1 to satisfy the ‘IRREVOCABLE’ part of the statement, or is that just admitting that there is an obligation after the children became adults to supply the prior spouse with the insurance payment which would open a can of worms? (I am 99.999% positive the other spouse never had an insurance policy at all) Yes, the prior spouse is a crazy narcissist and will try to sue for the life insurance after he passes, so we just want to get our bases covered.
The divorce decree was written in 2004, the youngest child is now 19 and support is no longer required under NV law. (Eldest is 26 and married) The divorce decree states two things of interest, one, neither will go after each other’s estates after their respective deaths unless it is in the interest of a minor child. And secondly, the last paragraph states that “the parties acknowledge that they each have life insurance on themselves payable upon their respective deaths and that each party acknowledges and hereby agrees to name each other as IRREVOCABLE beneficiaries under their respective life insurance policies”. Both have since remarried and one spouse has named their current spouse as beneficiary after the minor child turned 18 and graduated HS. This spouse has terminal cancer, the other spouse has been harassing his HR Dpt to see if he has life insurance and who the beneficiary is. (They obviously didn’t release information) So the questions are, does the one party have a leg to stand on to lay claim to the insurance payment since both children are now adults? Since they did not specify a time limit for it to end nor that it was for the support of the minor children, is it naturally assumed by NV courts that the agreement is terminated/null & void once the children became adults? And, since no dollar amount is specified for the required coverage, is it better to leave $1 to satisfy the ‘IRREVOCABLE’ part of the statement, or is that just admitting that there is an obligation after the children became adults to supply the prior spouse with the insurance payment which would open a can of worms? (I am 99.999% positive the other spouse never had an insurance policy at all) Yes, the prior spouse is a crazy narcissist and will try to sue for the life insurance after he passes, so we just want to get our bases covered.
