Getting Divorced? Have an Estate Plan? Pay on Death Accounts?
When getting a divorce don’t forget that it will impact estate plans, beneficiary designations, and pay on death accounts. Why? Florida law will presume the former spouse predeceased and is not entitled to the funds. How do you protect yourself? Make sure the Marital Settlement Agreement or Final Judgment requires the soon to be former spouse is to remain the beneficiary even upon dissolution of the marriage. Already divorced but want a former spouse to receive bank accounts, retirement funds, or life insurance sign new forms. Still have questions, contact us now to discuss your options.