What is the name of your state (only U.S. law)? MI
My step father recently passed away at the age of 52. He and my mother have been married for about 5 years, and both were previously married.
Each of his two children from his previous marriage are named as beneficiaries on seperate life insurance policies. There is also another live insurance policy that still has his ex-wife listed as beneficiary. He recently requested paperwork to be sent, so he could change the beneficiary to my mother, but didn't get a chance to send it in.
However, his divorce decree clearly states that neither spouse would be entitled to any future earnings, assets, retirement accounts, insurance policies, ect.
Does the divorce decree supercede the insurance policy?
Would my mother be named beneficiary by default, or would it go to the estate?
My step father recently passed away at the age of 52. He and my mother have been married for about 5 years, and both were previously married.
Each of his two children from his previous marriage are named as beneficiaries on seperate life insurance policies. There is also another live insurance policy that still has his ex-wife listed as beneficiary. He recently requested paperwork to be sent, so he could change the beneficiary to my mother, but didn't get a chance to send it in.
However, his divorce decree clearly states that neither spouse would be entitled to any future earnings, assets, retirement accounts, insurance policies, ect.
Does the divorce decree supercede the insurance policy?
Would my mother be named beneficiary by default, or would it go to the estate?