HB145 Alabama 2015 Session

Summary

Primary Sponsor

Paul Beckman

Republican

Session

Regular Session 2015

Title

Probate, inheritance, ownership of certain inter-vivos assets upon divorce or annulment

Description

Under existing law, a person who is divorced from a decedent is not considered a surviving spouse for purposes of inheritance through a will; however, the law is silent as to the passage of assets through other devices or payable on death instruments.

This bill would provide for inheritance of certain documents such as revocable inter-vivos trusts, life-insurance and retirement-plan beneficiary designations, transfer-on-death accounts, and other revocable dispositions to the former spouse that the divorced individual established before the divorce or annulment.

This bill would also provide that the interests of the former spouses in property that they held at the time of the divorce or annulment as joint tenants with the right of survivorship are severed and their co-ownership interests become tenancies in common.

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Subjects

Court, Probate