InSight

Divorce Playbook: Understanding Emotional Attachments to Assets

Financial Planning Dentist

Often overlooked during the divorce, and somewhat difficult to remedy after the divorce is using insurance to back up any financial agreements you come to. Alimony, child support, college tuition, and property settlements are all insurable interests you have in your ex-spouse after a divorce. It’s important to confirm in the divorce settlement some insurance recourse is covered in the event of death and disability. Life and disability insurance policies can guarantee that these payments will continue despite an unexpected loss or injury.

If you are mid-divorce these policies can also be made a part of the agreement and you can request verification for these policies being in force. These policies can help you rest assured that the payments will be made regardless. 

If you are the party required to make these payments, there are several options available that will make varying financial sense. If your child is young, or the timeline for your payments is long you may consider whole life insurance as the cash value will have retirement strategies should the policy go unused.

More related articles:

Income and Risk Management from Covered Calls

A covered call strategy is a popular options trading strategy that combines both risk management and income generation using stocks. It involves selling call options on a stock you already own, thereby generating additional income while potentially limiting downside risk. Here’s a basic description of a covered call strategy: You

Read More »
Articles
Kevin Taylor

Financial Advisor in Lafayette, CO: The Boulder County Sweet Spot and What It Means for Your Plan

Lafayette occupies a distinctive position in Boulder County. It offers proximity to Boulder, Broomfield, and Denver while maintaining a lower residential price point than Boulder. In 2026, the median Lafayette home value is approximately $715,000, compared with roughly $624,500 in Longmont and $1.19 million in Boulder. That difference creates meaningful

Read More »
Boulder Financial Planning Experts
Articles
Kevin Taylor

Why InSight invented the Relationship Balance Sheet

Financial Planning is something that we should all do in order to make sure that we are ready and prepared for the future. The earlier you start, the easier it will be to get there. Along the way, there will be several milestones and headwinds. So in anticipation of those

Read More »

Pin It on Pinterest