Changing Beneficiaries After a Divorce

The one thing most parties forget to do after a divorce is change their estate plan. Wills, trusts, and beneficiary designations for life insurance and assets should be changed and updated after the divorce is completed. However, if you are in the process of divorcing you should consult with your attorney regarding taking any of these steps to insure that you are not violating any local rules or standing orders.

Good Morning America did a recent report on this issue.

Florida, however, has recently enacted a statute that in certain cases "disinherits" recently divorced parties and seeks to prevent former spouses from inheriting by default when a former spouse forgets to change their will, trust and beneficiaries. However, it is always prudent to take proactive steps and change your estate plan immediately after the divorce is final.