Hunt & Associates P.C.

Jun 13, 2013

Reminder: Change the Beneficiary Designation on Life Insurance, Annuities, Retirement Accounts, and Bank Accounts Following Your Divorce

I wrote about this in an earlier blog post, but it bears repeating that a divorce is not over just because the judge signed the judgment or decree.  The United States Supreme Court recently issued a decision which emphasized the importance of making sure that following the entry of your divorce judgment you need to update beneficiary designations in life insurance policies and other financial accounts or products that have payable on death beneficiaries.… Read more