How is Insurance Impacted by Divorce?

Divorce is never easy, but it doesn't have to be a long and arduous road. By taking the time now to think about your finances, both current and future, you can emerge from divorce relatively unscathed and prepared for the future.

When it comes to your finances, do not forget to examine your insurance coverage. It may be advantageous to change the status of your insurance once the divorce has been finalized, which could affect your overall financial picture. Look at your disability, health, life, property and auto insurances to see what could change once you are single, and don't hesitate to speak with a family law attorney about portions of your policies that you do not understand.

It is possible to demand that your spouse keep you name on disability and life insurance, even after you have ended the marriage. This is generally done for those couples who have children together or have agreed to alimony payments.

Have questions about divorce and your finances? Now is the time to consult with a divorce lawyer who can review your case and inform you of the financial implications.