An Ex-Spouse May Be a Beneficiary If Children Are Involved. This means that if your ex-spouse receives the benefits in trust for, or for the benefit of, a child or dependent, the insurance company will still designate your former spouse as a legal beneficiary.

Which states have laws that revoke a person’s beneficiary rights upon divorce?

There are at least twenty-three (23) states that have revocation of nonprobate assets upon divorce statutes. The statutes in Alaska, Arizona, Colorado, Hawaii, Idaho, Minnesota, Montana, New Mexico, North Dakota, South Dakota, and Utah[6] are modelled upon § 2-804 of the Uniform Probate Code (UPC).

What happens if my ex-spouse is still a beneficiary?

Your ex-spouse may still receive the benefits of your estate if he or she is acting on behalf of children or dependents. This means that if your ex-spouse receives the benefits in trust for, or for the benefit of, a child or dependent, the insurance company will still designate your former spouse as a legal beneficiary.

Can a spouse be listed as a beneficiary in a will?

An Ex-Spouse May Be a Beneficiary If Specified in the Decree of Divorce. In some cases, the Decree of Divorce can list the ex-spouse as the beneficiary to your will or trust.

Can a former spouse be a beneficiary of a life insurance policy in Texas?

In the state of Texas, though, an ex-spouse does not get paid as a beneficiary under the life insurance policy after the divorce, but there are some exceptions. After getting divorced, most people don’t want their former spouse to receive money under a life insurance policy.

Can a ex spouse collect on your life insurance policy?

Divorces can be tricky, and life insurance confusion adds another layer of stress to the situation. Make sure to continually update your life insurance policy to reflect your preferences as your life goes on. This will prevent an unwanted ex-spouse from being able to collect on your life insurance policy.