Recent U.S. Supreme Court Case highlights importance of updating beneficiary designations after divorce from Austin Estate Planning Lawyer Liz Nielsen

Life insurance after divorce

Last week, the United States Supreme Court issued a ruling on a case involving life insurance beneficiary designations  after divorce.  Mark Sveen had named his wife as the beneficiary of his life insurance policy.  They got divorced, but Mr. Sveen did not update the beneficiary.  Court ruled that divorce invalidated the beneficiary designation in favor […]