29
Oct

Gabay Authors Article on What Happens When a Life Insurance Policy Designates an Ex-Spouse as the Beneficiary

FOR THE INSURANCE ADVOCATE, OCTOBER 29, 2018

“While married couples may create Last Will & Testaments and forget to change them following a divorce, numerous states have “revocation on divorce” statutes that typically treat a divorce as voiding a testamentary bequest to a former spouse. These revocation on divorce statutes were initially aimed at Last Wills & Testaments and rest on an assumption that the deceased presumably would not wish for an ex-spouse to inherit his or her assets and personal effects.”

Read the full article.