divorce is finalized, the next step is to update insurance policies to ensure
they accurately reflect post-divorce life. It’s extremely important
that you understand the implications a divorce can have on your insurance
policies, and what can happen if you don’t update them in a timely manner.
If you plan on staying on your former spouse’s health insurance,
you’ll need to sign up for continued coverage through COBRA. It’s
important to note, however, that there are strict time limits in place
– if you find yourself putting this task off, be sure to file the
proper paper work as soon as possible to ensure that you are covered.
If you named your former spouse as a beneficiary on your life insurance
before you got divorce. You may want to consider changing the beneficiary
to someone else. Even if you wish to keep your beneficiary the same, it’s
likely that you’ll still need to file new life insurance paper work
after your divorce. Your marital settlement agreement should state that
you are entitled to get information about your current life insurance
policy – once the divorce is finalized, you should follow up with
your insurance company and they will let you know if there’s been
a change in your policy.
In regards to your auto insurance, you simply want to make sure that your
vehicle is properly insured and that you are the only owner listed on
your insurance. In the midst of finalizing a divorce, there’s a
chance that your car was not transferred into your name.
If you’re struggling with a
family law matter, you deserve effective representation that keeps your interests at heart
for the long-term. Our Las Vegas divorce attorney has helped countless
clients save time, energy, and money in their divorce process.
Call Leavitt Law Firm today at (702) 996-6052 to
request a free case evaluation.