What if something were to happen to the payor spouse before the children become emancipated?
As part of a matrimonial settlement agreement, the divorcing spouses can agree that the payor will take out a life insurance policy in an amount sufficient to secure his or her child support obligation. Alternatively, the payor may be ordered by the Court to secure his or her child support obligation through maintenance of a life insurance policy. The above is a general overview of child support in New Jersey, portions of which may or may not apply to your circumstances. If you have questions about child support, you may need the guidance of an experienced family law attorney. The family law attorneys of Riker Danzig can help you deal with the most complex child support questions and all other aspects of family law. Please contact Jan L. Bernstein, Esq., at 973.451.8404 to arrange for a consultation.
