The little mistake that could destroy a life insurance plan

October 15, 2013 by Ed Slott

In a recent U.S. Supreme Court case (Hillman vs. Maretta, U.S. Supreme Court, No. 11-1221, June 3, 2013) the Court ruled that a decedent’s ex-spouse, who was still named as his beneficiary, was entitled to receive his federal life insurance benefits. The decision was unanimous, despite the fact that an applicable state law says that an ex-spouse is removed as the beneficiary of a decedent’s various death benefits after divorce. As a result of poor planning, the intended beneficiary was disinherited. Click here to read…

Originally Posted at LifeHealthPro on October 15, 2013 by Ed Slott.