QUESTION
How much life insurance should I get for my children?
Asked on Apr 10th, 2012 on Estate Planning - Florida
More details to this question:
Will have 7 children , 18,000 life insurance, can I give my insurance to 4 and nothing to 3 or how much do I by law have to give them in the state of florida?
1 ANSWER
Probate & Trust Attorney serving Fort Lauderdale, FL
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Robert J. Slotkin
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Unless you are a party to a divorce settlement agreement that obligates you to provide insurance in a certain amount, you have no obligation to provide life insurance in any amount and you may designate as beneficiary any combination of your children you desire.
Answered on Apr 13th, 2012 at 11:53 AM