Understanding the Limitations of Using Life Insurance Money During a Divorce
When going through a divorce, it’s important to understand the legal restrictions that are in place regarding the use of certain assets, such as the cash surrender value of a life insurance policy. The automatic temporary injunction issued in every divorce case prohibits individuals from taking any actions that could affect the cash value of a life insurance policy, including borrowing from it or changing beneficiaries.
Additionally, the automatic temporary injunction also restricts individuals from making changes to other insurance policies, such as automobile, house, and health insurance. These limitations are put in place to ensure that both parties are protected during the divorce process and to prevent any unfair advantage or disadvantage to either party.
Seeking Legal Advice for Your Specific Situation
If you are considering using money from your life insurance policy to pay for expenses after filing for divorce, it’s important to consult with an experienced attorney who can provide guidance on the legal implications of your actions. A knowledgeable men’s divorce attorney in Tulsa can help you navigate the complexities of divorce laws and ensure that you are in compliance with all court orders and injunctions.
By seeking legal advice early on in the divorce process, you can avoid potential pitfalls and protect your rights and interests. A Tulsa attorney specializing in family law and divorce proceedings can help you understand your options and make informed decisions that are in your best interest.
Contact Us for a Low-cost Strategy Session
If you have questions about using money from your life insurance policy during a divorce or need assistance with any other family law matter, contact tulsa.dads.law for a low-cost consultation. Our team of dedicated legal professionals is here to help you navigate the complexities of divorce and ensure that your rights are protected. Call us today at 918-962-0900 to schedule your consultation.
