
Colorado Legal Last Will and Testament Form for Divorced Person Not Remarried with Minor Children


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People also ask
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Does a divorce decree override a life insurance policy?
Generally speaking, a life insurance policy is unenforceable if an ex spouse is named as a beneficiary prior to the execution of a divorce decree unless the divorce decree required the deceased spouse to carry life insurance in favor of the ex.
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Does divorce override beneficiary designation?
The divorce decree does not automatically change the beneficiary designations of your life insurance, retirement assets, or bank accounts. That responsibility is yours!
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Does a named beneficiary override a spouse?
The designated beneficiary will receive the funds regardless of the spouse's wishes unless the account holder changes the beneficiary designation before their death. However, certain circumstances, such as community property laws in some states, might affect how assets are distributed.
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Does naming a beneficiary supercede a will?
Beneficiary designations override wills, so if you forget to change them, the person named will still receive the money, even if that was not your intent. You should review beneficiaries for all of your accounts every year or so.
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Does a divorce decree override a named beneficiary in Colorado?
A: In the State of Colorado, a divorce decree automatically revokes the designation of the ex-spouse as a beneficiary or fiduciary in any will or trust, this means that, unless you update your documents (including beneficiary designations on any life insurance policies or retirement accounts), your assets will go to ...
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