Beneficiary Designations and Divorce Decrees: A Cautionary Tale

Does a last in time divorce decree or a beneficiary designation made at the time of the application years ago prevail when it comes time to make a claim? The answer is set forth in a cautionary tale of beneficiary designations told in the recent case of Boyd v. Metropolitan Life Insurance Company, 2:09-cv-03325-CWH (4th Circuit, 2011).

Emma C. Boyd had her estranged husband, Robert Alsager, sign a separation and property-settlement agreement to release him from any claims to her estate or property. Or so she thought.

via Beneficiary Designations and Divorce Decrees: A Cautionary Tale | Advisor One.