March 25, 2018 | Complex Financial Issues, Court Decisions, Divorce, Equitable Distribution, Estate Planning, Legal Perspective
Divorced spouses who do not update their beneficiary designations are taking an unnecessary risk, as illustrated by a case now pending before the U.S. Supreme Court. In Sveen v. Melin, No. 16-1432 (cert. granted December 8, 2017), the Met Life insurance company was “caught in the middle” when its policyholder Mark Sveen died in 2011. He had purchased his life insurance policy and designated his then-wife, Kaye Melin, as his […]