Updating Your Beneficiary Designations After Divorce in Arizona


Many financial assets and legal document have beneficiary designations attached to them. Examples include:

  • IRA
  • 401(k)
  • Employer-sponsored retirement plans
  • Life insurance policy
  • Annuity
  • Transfer-on-death (TOD) arrangement
  • Any variety/other assets or accounts

Beneficiary designations area simple, direct and efficient way to get assets in the hands of the ones you love after you die.

Changing Beneficiaries with a Changing Life:

When creating a document, like a TOD arrangement, the beneficiary designation is attached at the same time. Issues arise as time passes, individuals’ lives and relationships change. With this change, the beneficiary designation may need to be changed as well-but most individuals forget to update these designations. Changes could include marriage, divorce, family dynamics, and much more. Whoever the listed beneficiary is on the document will receive the described assets-regardless of the current relationship. This means, without updating the beneficiary, your assets could end up going to your ex!

Easy to Change:

It is fairly easy to change the beneficiary to legal documents. Many accounts offer this service online! It is important for individuals to review their beneficiary designations regularly and provide changes when necessary. When changes are made, inform those who are the beneficiary. This way, they too can plan their estate accordingly.

Every situation varies, which is why it is recommended to consult with a legal advisor. They can offer advice to the level of estate planning required.

Call our Arizona Estate Planning team at (480)467-4325 to discuss your case today.

Contact The JacksonWhite Estate Team

Call (480) 467-4325 or fill out the form below to schedule a consultation and discuss your best legal options.

    Scroll to Top