After I divorced many years ago, my decree stated that I had to carry a life insurance policy naming my ex as the beneficiary.
However, our children are now adults and my ex and I have both been remarried for more than five years.
How difficult is it to amend a divorce decree so that my ex-wife is no longer the sole beneficiary on my life insurance?
Without seeing the specific provision of your final decree of divorce requiring that your ex-wife be listed as the sole beneficiary of your life insurance policy, it is difficult to advise you on the likelihood and ease of modifying that provision.
Each state has different laws about beneficiary designations and the ability for courts to modify provisions in a divorce decree.
For example, in Virginia where I practice, the court loses authority to make certain modifications to divorce decrees if the parties entered into an agreement to resolve the specific issue on their own.
I encourage you to speak with an attorney licensed in your state about this issue to see how your jurisdiction handles life insurance and decree modifications.
If your settlement agreement does not state that you shall maintain the life insurance policy and beneficiary designation until your duty of support or other obligations under the decree terminate, then you may be unable to modify that provision.
Remember, I am unable to provide you with anything more than tips on your situation, so please consult a domestic litigation attorney in your area to obtain specific advice as to the laws in your state and how they impact your potential case.
To arrange an initial consultation to discuss divorce rights for men with a Cordell & Cordell attorney in Virginia, contact Cordell & Cordell.
Mat Camp is a former Lexicon Services Online Editor, who focused on providing a comprehensive look into all aspects of the divorce experience. On MensDivorce.com, he concentrated on issues, such as parenting time, custodial rights, mediation, the division of assets, and so much more.
Mr. Camp used the wealth of experience of Cordell & Cordell attorneys to bring tangible answers to reader questions in Ask a Lawyer articles, as well as offer a step by step process through the divorce experience with Cordell & Cordell Co-Founder and Principal Partner Joseph E. Cordell in Divorce 101: A Guide for Men.
Mr. Camp used thorough research to highlight the challenging reality that those who go through divorce or child custody issues face. He helped foster the continued success of the Men’s Divorce Survival Guide, the Men’s Divorce Podcast, and the Men’s Divorce YouTube series “Attorney Bites.”