Cordell & Cordell managing partner Scott Trout weighed in on the latest divorce trend: divorce insurance.
Trout was interviewed by WOWT-TV, an NBC affiliate in Omaha, Neb., on the topic and if divorce insurance dooms a marriage before it begins.
“I think that’s a really, really bad way to start your marriage,” Trout said. “I think it’s too easy, and I think people find it their own therapy to just get divorced. They don’t want to work on it. It’s sad.”
In an attempt to ease the financial hardship divorce brings, Wedlock Divorce Insurance sells policies that pay if couples divorce after at least four years of marriage.
But Trout warns that from a legal standpoint, those benefits paid out could be considered community property. So a judge may order the couple to split the benefits regardless of who paid for the policy.
Read more about divorce insurance.