Upon divorce, two key issues regarding insurance must be addressed: the first is whether there is any cash value to life insurance policies that must be split between the parties; the second is ensuring the maintenance of beneficiary designations for life and health insurance pending resolution of the divorce case.
In these times, the maintenance of health insurance is especially vital. Divorcing spouses must ensure continuing coverage during the divorce process, and that provision is made after divorce to ensure the ability to pay for continued coverage. While a spouse has no obligation to cover his or her former spouse after divorce, the expense of COBRA, or other coverage, can be addressed by agreement of the parties, or by consideration of alimony payments until such time as a dependent spouse is able to obtain affordable coverage, or until he or she becomes eligible for Medicare.
We have experience in structuring agreements or litigating results that address these concerns.
Wilder Mahood McKinley & Oglesby can help you resolve your concerns about life and health insurance concerns. For effective counsel and legal guidance, contact us online or call our office in Pittsburgh, Pennsylvania, at 412-261-4040.