Legal Question in Family Law in Arizona
Wills
when a divorce is finalized is it true that the beneficiary of the Life insurance policy that is held is null and void unless specified in the divorce decree that a life insurance policy is to stay in effect? I was the beneficiary to my husbands life insurance policy and when we got divorced he passed 4 months later and the policy went to the contingent benificiary. Is this correct?
Asked on 2/18/09, 10:44 am
1 Answer from Attorneys
Monica Donaldson Stewart
Donaldson Stewart, P.C.
Re: Wills
Generally, this is correct. The divorce invalidates the naming of a (now ex-)spouse as the beneficiary unless a) the beneficiary form is re-executed after the divorce or b) the divorce decree orders that the spouse remain the beneficiary.
Answered on 2/18/09, 11:27 am