For many Louisiana residents, moving through a divorce requires a lengthy checklist of to-do items, many of which can be tedious. The divorce process can feel overwhelming, and it is not uncommon for spouses to forget to address various issues that relate to their divorce. When it comes to life insurance, however, it is very important for spouses to make the appropriate changes to ensure that their final wishes are adhered to.
Failing to change one's beneficiary designation can have serious repercussions to loved ones who are left behind. Many states have laws that dictate how a life insurance policy will be handled in the event of a divorce. However, these laws can change over time, or a move could place an estate in a different jurisdiction with vastly different laws. That is why it is critical to make and desired alterations during or shortly after the divorce process.