${site.data.firmName}${SEMFirmNameAlt}
CALL NOW for a FREE Phone Consultation!
Phone Icon678-926-9234
Speak with Attorney Ed Hecht live 7 days/week 8am—9pm

Changing insurance beneficiaries after divorce

When couples in Georgia divorce, strong emotions and lifestyle upheaval can result in some important legal tasks being overlooked. While divorce settlements typically address every area of a couple's shared life, including finances, loose ends can sometimes complicate the lives of former spouses and family members long after a divorce is finalized.

This can particularly be true in high-asset divorces in which a person holds life insurance and has multiple retirement plans and several financial accounts. Occasionally, a divorce decree will address the handling of insurance policies or retirement funds, but the owner of these accounts or policies fails to follow up by changing his or her beneficiaries. This can result in a lot of confusion and ill will.

In fact, confusion over life insurance can result in the parties involved having to go to court. In some cases, a significant percentage of the funds at stake end up being spent on lawyer fees and court costs.

When couples divorce, it is important that they follow up on the stipulations of the divorce settlement. This means going over financial documents and accounts and making changes as necessary. In fact, everyone should make a habit of reviewing his or her finances, including wills, every few years or when there has been a major life change, such as a marriage, divorce, death or birth of a child.

Individuals who are getting divorced and wish to protect their assets may benefit from consulting with an experienced family law attorney. A lawyer may be able to review his or her client's case and make recommendations regarding asset division and strategize ways to protect the a divorcing individual's financial future.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Ask Us Your QuestionsSubmit this form, and you’ll hear from us very soon.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Hecht Family Law
12600 Deerfield Pkwy
Suite 125
Alpharetta, GA 30004

Phone: 678-926-9234
Alpharetta Law Office Map

review us