Month: July 2008

Change In New York Law Cuts Off Designation Of Former Spouse As Beneficiary Of Assets On Death

Divorce or Annulment Now Revokes Any Revocable Disposition or Appointment of Property to a Former Spouse Under former law a divorce did not revoke many revocable dispositions ( “testamentary substitutes”), such as lifetime revocable trusts (including Totten Trusts), life insurance policies, or joint tenancies (including joint bank accounts). Nor did a divorce revoke a power […]

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