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Jen would get a payout of the rest of her alimony and child support due through a life insurance policy Don would have been required to take as part of the divorce. Included in that policy would be money to cover all his obligations under the divorce, which likely include college in addition to child support and alimony; as well as cost of health insurance for the kids and anything else he was responsible to pay for under the agreement.
Most likely the life insurance would be paid into a trust and whoever the trustee is (would never be Jen) makes the payments as they come due - not a lump sum to Jen).
That’s just the life insurance to cover divorce. In all likelihood his assets would go into a trust for wife and perhaps all 5 kids (they don’t need to share equally - he can specify what they get). Again, Jen would almost certainly never be in charge of the kids’ money from life insurance or a trust of his assets.
QUOTE (Oatley @ 28/12/2023, 23:17) QUOTE (JustAverageJane @ 28/12/2023, 23:14) I think she already got a huge lump sum when they divorced. I don't think she would get squat if he dies. nope Jen won't get anything. Tens will. But the kids will get which will be out in trust and Jen would be their guardian, so she can take out money from trust for their upbringing/education. |
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903 replies since 27/12/2023, 19:00 103579 views
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