Beneficiary Designations and Divorce – An Opportunity to Serve During Difficult Times: Part 1: Who Gets the Life Insurance Money After a Divorce?
Recording and Slides are Available Here .
Our clients don’t necessary tell us when they are going through a divorce! Yet ignorance about the potential costs, inattention to the risks or the details, or arrogance about outcomes with respect to life insurance beneficiary designations during and after divorce can easily result in millions of dollars of death proceeds being paid to the wrong person – and perhaps an unwinnable, highly expensive and embarrassing lawsuit!
PART 1: Thursday, September 20th @ 12pm ET: Who Gets the Life Insurance Money After a Divorce?
· Beneficiary Designations Trump Wills and Divorce Documents
(Except When They Don’t!)
o State Statutes
o Case Law
§ Divorce Decree Language
§ Other Spousal Claims
o Federal vs. State Law
· Non-spouse Claims
· Special Considerations
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