Sandra Woytas v. Greenwood Tree Experts, Inc. (081720) (Morris County and Statewide) (A-31-18; 081720)
The MSA required Timothy to “maintain” life insurance to support the children in the event of Timothy’s death. Because Timothy’s suicide barred recovery of the life insurance proceeds, he failed to “maintain” life insurance and therefore breached the Agreement. A precise calculation of Timothy’s outstanding child support obligations would be speculative, and the Chancery Division did not abuse its discretion by finding that Timothy’s outstanding obligations exceed the remaining assets of Timothy’s estate. Thus, there would be no remaining estate assets to pay Sandra’s claims, and a remand for a precise damages calculation is unnecessary.
