SB222 Alabama 2015 Session

Updated Jul 24, 2021

Senate Bill

Enacted

Current Status

Regular Session 2015

Session

Sponsor

Summary

Primary Sponsor: Greg Albritton Senator
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.
Subjects: Court, Probate