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People also ask
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What happens if ex-spouse is listed as beneficiary?
If you own the policy and you're not financially supporting your ex-spouse after the divorce, you can likely remove them as your policy's beneficiary. If you're on the hook for alimony or child support, a judge may require you to keep your ex-spouse as a beneficiary so support continues if you were to die. -
Does a divorce decree override a named beneficiary in Michigan?
Change your beneficiary due to a divorce. Note: Divorce automatically cancels a spouse's beneficiary designation. If you want to keep your ex-spouse as a beneficiary, you must file a new form listing “ex-spouse” in the “Relationship” box. -
Does divorce override beneficiary designation?
Most married couples make their spouses the beneficiaries of these types of accounts. So the answer is no, unless the beneficiary is changed, that is who will receive the money upon the account owner's death, regardless of a divorce. -
What states revoke beneficiary rights upon divorce?
States that Revoke a Person's Beneficiary Rights Following Divorce Alabama. Alaska. Arizona. Colorado. Florida. Hawaii. Idaho. Iowa. -
Does a divorce decree override a life insurance beneficiary?
In many cases, a divorce decree doesn't change a beneficiary designation. This means that unless the policyholder changes the beneficiary, that individual or entity will receive the payout upon the policyholder's passing, regardless of a divorce.
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