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Are Beneficiaries On Wills Updated During Divorce?

Going through a divorce brings many changes, and you might be wondering how your existing estate plans, especially your will and beneficiary designations, are affected. This video clarifies whether beneficiaries on your will are automatically updated during a divorce. In this video, you'll learn: ► Why beneficiaries named in your will are generally NOT automatically updated or removed during divorce. ► The distinction between your will and separate beneficiary designations on financial accounts like 401ks and life insurance. ► The crucial steps to proactively review and update all estate planning documents and financial account beneficiaries during a divorce. ► How 'revocation on divorce statutes' work in some states and their limitations regarding financial account beneficiaries. ► Why consulting legal and financial professionals is essential to ensure your wishes are honored. #DivorceAndWills, #EstatePlanning, #BeneficiaryUpdate, #DivorceFinance, #LegalAdvice, #FinancialPlanning