As a divorcing New Jersey parent, balance is something that you perhaps spend much time thinking about.
The U.S. Supreme Court will take up the case of who collects on a deceased man's life insurance policy - his children or his ex-wife. Under a 2002 Minnesota law, a divorce automatically nullifies any beneficiary rights of ex-spouses. But a federal appeals court ruled that such state laws (if applied retroactively) violate the Contract Clause of the U.S. Constitution.
We always seek to provide our readers across New Jersey with timely and relevant information concerning important family law topics.
Money always looms large in divorce. Finances will be tight and your standard of living will likely take a hit, at least in the short term.
Here's a hypothetical -- actually a real-life situation that occasionally plays out for divorced spouses across the country -- relevant to beneficiary designations in life insurance policies.
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