Question

Should I update my beneficiary designations immediately after divorce?

Answer

Yes — beneficiaries named on retirement accounts, life insurance policies, and pay-on-death accounts will receive those assets regardless of your divorce decree. If you don’t update these forms, your ex-spouse or their family members may be entitled to receive assets even after your divorce is finalized.

About Mercer Advisors

We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.

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