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New York, NY (PRLEAK) October 15, 2009 – Divorce court proceedings are about to take a challenging turn in favor of spouses that are not financially well off, which also includes insurance coverage for families concerned. The State of New York has designed the new law that deters spouses from stealing or hiding marital assets, as well as cancelling the other spouse's insurance coverage, thereby depriving them on insurance benefits. These include health insurance and car insurance.
The law that came into effect as of Sept. 1, 2009, DRL includes §236(B) (2) (a) subparagraph (b), with a provision for automatic protection in all New York matrimonial actions. This ensures that the marital assets of both parties in a divorce suit are protected. The law states that health insurance and other insurance protection cannot be cancelled. This put a status quo on the financials of both parties, with only the exception of attorney's fees and daily living expenses.
New York divorce lawyer Lisa Beth Older, Esq., hopes that other states follow suit and is of the opinion that the regulations are in tune with the current political efforts towards universal health insurance reforms. DRL §236(B) (2) (a) subparagraph (b) also prohibits either party from selling or transferring property with each others consent, which includes real estate, retirement accounts, and personal property, among others.
Attorney Lisa Beth Older, Esq., also reiterates that the law indicates that children cannot be removed from any existing insurance policies that includes medical, life insurance, auto insurance, and hospital and dental insurance coverage, among others. The law requires that a status quo be maintained on all insurance policies during divorce proceedings. As per Lisa Beth Older the law also has made provisions for meeting the financial needs of the children involved in the divorce proceedings. Spousal support for the payment of insurance premiums is also included. However, what is not clear is whether the law will be applicable in Family Court matters in New York.
The law has raised issues such as to whether New York State divorce lawyers can take reasonable counsel fees without notifying the other spouse involved. What is also unclear is the determination of what could be termed as reasonable living expenses. All said and done, New York legislators have succeeded in protecting spouses from the being deprived of any insurance benefits.
The law that came into effect as of Sept. 1, 2009, DRL includes §236(B) (2) (a) subparagraph (b), with a provision for automatic protection in all New York matrimonial actions. This ensures that the marital assets of both parties in a divorce suit are protected. The law states that health insurance and other insurance protection cannot be cancelled. This put a status quo on the financials of both parties, with only the exception of attorney's fees and daily living expenses.
New York divorce lawyer Lisa Beth Older, Esq., hopes that other states follow suit and is of the opinion that the regulations are in tune with the current political efforts towards universal health insurance reforms. DRL §236(B) (2) (a) subparagraph (b) also prohibits either party from selling or transferring property with each others consent, which includes real estate, retirement accounts, and personal property, among others.
Attorney Lisa Beth Older, Esq., also reiterates that the law indicates that children cannot be removed from any existing insurance policies that includes medical, life insurance, auto insurance, and hospital and dental insurance coverage, among others. The law requires that a status quo be maintained on all insurance policies during divorce proceedings. As per Lisa Beth Older the law also has made provisions for meeting the financial needs of the children involved in the divorce proceedings. Spousal support for the payment of insurance premiums is also included. However, what is not clear is whether the law will be applicable in Family Court matters in New York.
The law has raised issues such as to whether New York State divorce lawyers can take reasonable counsel fees without notifying the other spouse involved. What is also unclear is the determination of what could be termed as reasonable living expenses. All said and done, New York legislators have succeeded in protecting spouses from the being deprived of any insurance benefits.