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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