Please help. I need to know. If my husband and I get a divorce and he wants me to remain sole beneficiary to his 401k plan and life insurance is that possible?
Answer
Yes. One can make anyone else their beneficiary.
Answer
Yes, there is an insurable interest under those facts, and it can survive a divorce. There are some potential issues that you should be careful to avoid as you go through this process.
These are complex issues, and it is important that they be handled correctly. Therefore, it is important that you consult an experienced family law attorney to find out what options are available to you based on the facts of your particular case.
If you need more information, you can visit my family law blog (www.SCFamilyLaw.com) or our website (www.SpartanburgLawyers.com). I wish you the best of luck.
Ben Stevens
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