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Seriously, it is 12:15!!! Why can't I get to bed before 1 anymore???

I know another night owl!

I have a life insurance policy and my brother is set as beneficairy with stipulations that the money be used for Caleigh's support in the event I die before she turns 18.

Yep Jeff we are both night owls...too bad I can't find a job I like that starts around 10 am instead of 8!!

Mike, that is a good idea...having the sibling be the beneficiary but designating the funds to Caleigh...I might have to borrow that one!

I should have done that. Instead my XW is in line to get $500,000 if something were to happen to me. And she also has the guns!!!

mine is stated as follows...(it's pretty sorry that I have to have a copy of my divorce decree at work) but when you have to deal with Batchitt crazy it's better to be safe and have the papers around than try to go off the top of your head..

both parties shall insure his/her own life in the minumum amount of $200,000 by whole life or term insurance.Untilt htre child support obligation has been completed, each policy shall name the following persons as trustee for the benefit of the child...so we both named a brother..and had paperwork drawn up..

I carry caleigh's Health insurance..Kim carries the dental. copays and all that are split 50/50

One more thing to consider.... Tax deductions and credits. Since Dan makes considerable more, they are more beneficial to him. You might want to consider letting him declare both kids as a carrot in negotiation. That is how it worked for me - I went with one of her alimony buyout proposals in trade for her giving me the tax dependents.

My insurance agent implored me to make sure that it was in our MSA that my xh have - and pay for - a life insurance policy for which I am the beneficiary so the funds are available for child-raising should he pass before they are adults. The amounts required reduces with their age. Also stipulated in it is that I be notified continually that it is paid and up-to-date should a future (now actually wife, xh and OW got surprised married on tday) decide to not pay the premiums. I wouldn't find out until it was too late that the policy lasped. Every month I know that it's paid and that nothing has changed.

It's really good advice because the moment our divorce was final, the OW was named as sole beneficiary for everything, the kids would get nothing if he died. Ours reads:

"Husband agrees that he shall keep an insurance policy on his life in full force and effect, unreduced by loan balances or other charges, providing death benefit coverage for each child of the parties of at least the following amounts:
From 1 through 18 years (youngest child's age): $xxx,xxx
From 18 through 21 years (youngest child's age): $xxx,xxx (less)

As long as required under this agreement, husband or his employer shall pay all premiums for this policy and wife shall be designated as the primary beneficiary. Husband shall provide documentary confirmation within ten (10) days of a reasonable request by wife. To the extent husband is not in compliance with the provisions of this section on the date of his death, any deficiency in benefits payable to a child shall be a charge in favor of the individual child against husband's estate or any trusts created by husband. if it is determined that the husband's estate has a continuing child support obligation, then any resulting death benefits payable to the children shall be deemed a credit against this support obligation. Husband shall direct that all notices be mailed in duplicate to wife. Whenever either party receives any notice concerning nonpayment of premiums, lapse or cancellation of the policy, or change of beneficiary, that party shall promptly notify the other party.

Any payments made under this paragraph shall be used to offset the responsibility of husband's estate for child support upon his death.

Notwithstanding any other provisions of this section, the obligation as set forth above to maintain insurance for the benefit of the children may be altered by agreement of the parties and shall terminate on the first to occur of the completion of college by both children or November 5, 2024."

I also put in writing that any life insurance I may get while the children are minors will have the children named as at least 50% beneficiaries.

XH pays for their health insurance but that is considered when figuring out support payments. All other medical and job-related child-care costs are split pro-rata, reflecting the large difference in our incomes.

As for taxes/dependents, my attorney figured out what designations would benefit the kids and me more. That happened to be both of us as head-of-household with one dependent (me getting our youngest).

CW....seriousy, they got married??? geez...........

Wow you guys have given me so much to think about! Neither Dan nor I broached the subject of life insurance, medical bills being split (right now his paycheck has the ins. premiums withdrawn and I pay everything else medical/dental), or who claims the kids on taxes.

And I am supposed to be writing up the official settlement in 5 days!!! Yikes..........................

BIG yikes!

Those are definitely things that need to be in writing. Every last penny of it.

You have 5 days though, that is a huge amount of time for you. You're such a 'get 'er done' kind of gal!