Picture this: Your ex-spouse takes the children without warning and moves to a foreign country. This nightmare becomes reality for all too many parents. What do you do if your children are now thousands of miles away with your ex? Fortunately, parents are not entirely powerless in this situation. International child abduction is a serious problem that the international community has taken steps to address. Abduction is principally addressed by an international treaty titled "The Hague Convention on the Civil Aspects of International Child Abduction." This treaty is a formal agreement between 73 member nations, including the United States and other nations such as the U.K., Korea, and Brazil.
Life insurance can be a key component of a divorce settlement. This type of insurance is often used to ensure that there will be enough money to support the children if the parent paying child support dies. It is a means of supporting one's children that even death cannot stop. But in order for life insurance to work one parent must have a life insurance policy. If neither parent has life insurance, there may not be a fund from which such support can be paid.