| Goodmom |
| (Pooh-Bah) |
| 01/27/11 06:16 AM |
Re: Terminal Cancer and Alimony
|
[quote]"He's not going to get around it. It will be paid out of the trust."
If that were the case, I'd turn it all into cash, and have an unknown 3rd party hold it for the kids.
"BTW, it's in my court order (I have a very smart attorney) that my ex and I have to provide proof that the life insurance is paid AND that we are each other's beneficiary annually."
That's an excellent idea. Do you pay your own premium, or your ex's? I would want to pay my ex's and vice versa, to make sure the policy remains in force. If either party didn't pay, then they would only be hurting themselves. [/quote]
A good forensic accountant will be able to determine just what he did with the money. He!!, I know someone who isn't an accountant at all (or a private investigator for that matter) who was able to find where her ex had hidden the marital assets that he turned to cash. Having someone else set up the trust with your money is also obvious and not going to work.
I pay my own premium and he pays his. And we provide proof each year of it being paid in full AND who the beneficiary is.