SB378

Louisiana SB378 amends laws to revoke beneficiary designations for certain assets upon divorce.

Louisiana SB378 amends existing law to automatically revoke beneficiary designations for certain assets, such as life insurance and annuity contracts, upon divorce. This revocation applies if the divorce occurs after the beneficiary designation, the parties remain divorced at the time of death, and no judgment or property-settlement agreement expressly provides otherwise. The bill also addresses the liability of payors who make payments in good faith before receiving written notice of the divorce.