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Policy/Plan Provisions Trump Marital Settlement Agreement in Florida Case
Cypen & CypenLink to more items from this source
Jan. 10, 2006

Excerpt: The Florida Supreme Court has held that without specific reference in a property settlement agreement to life insurance proceeds or proceeds of retirement plans, the beneficiary is determined by looking only to the insurance contract or retirement plan. While it may be possible in a marital settlement agreement to waive one's right as a beneficiary, that waiver can only be accomplished if the waiving party specifically gives up his or her rights to the 'proceeds' or the 'benefits.'

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