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Remedy Provided by Pennsylvania Revocation on Divorce Statute not Preempted by ERISA
Wills, Trusts & Estates Prof Blog
[Guidance Overview] Aug. 23, 2009 Excerpt: The Superior Court of Pennsylvania recently held that the remedy provided by revocation on divorce statute is not preempted by ERISA. The decedent and his wife in the case had divorced. The decedent never changed the designation of his ex-wife as the beneficiary of a life insurance policy ,which was part of an employee benefit plan subject to ERISA. After the insurance company paid the ex-spouse, the administrator of the decedent's estate brought a proceeding to require the ex-spouse to turn over the proceeds to the contingent beneficiary under the policy. MORE >> |
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