How Life Insurance Works With Divorce:
Estate planning is often neglected during such an emotionally charged time, it is important to take a close look at your life insurance policy to make any insurance beneficiary changes necessary.
Insurance Beneficiary Modifications Part 2 –
After a divorce, it is likely that you will no longer want your ex to be your beneficiary, especially if it was not an amicable split. If you and your former partner did not have children together, then there really isn’t any reason to keep them as your beneficiary on your life insurance policy. Because most policies are revocable, you are able to appoint a new beneficiary whenever you need to. There are some policies that are irrevocable where the beneficiary cannot be changed. In order to determine which type of policy you have, you will need to talk to a representative from your insurance company, and they will help you makes changes if possible.
Divorce can be a very challenging thing, and is rarely ever simple. Several issue could complicate your divorce, from child custody to the ownership of property. That is why it is important to have a divorce attorney you can trust. Brandon Legal Group’s expert divorce attorneys are experienced with divorce in Tampa Bay and throughout Florida and are ready to give you the guidance and support you need.