The trickiest aspect of dividing assets during divorce proceedings is handling long-term assets and other holdings that won't come in to play until years after the divorce. Because divorce settlements need to be conducted in the best interests of both sides, the issue of life insurance needs to be addressed, particularly because it is often misunderstood.
Couples in New Jersey need to understand that life insurance occupies two statuses within the realm of divorce settlements: it is both a wealth accumulation tool and a risk management tool.
