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1999 SESSION

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SB 972 Revocation of death benefits by divorce or annulment.

Introduced by: W. Roscoe Reynolds | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Revocable beneficiary designations; revocation of death benefits by divorce or annulment. Repeals a provision in Virginia’s domestic relations laws enacted by the 1993 Session of the General Assembly. The provision, applicable to divorces and annulments occurring after July 1, 1993, revokes as a matter of law, any contractual provision for payment of death benefits to a former spouse, unless otherwise stipulated in (i) a decree of annulment or divorce, or (ii) an agreement between the parties. Examples of such death benefits include life insurance benefits, retirement benefits, IRA account benefits, etc.

FULL TEXT

• 01/19/99  Senate: Presented & ordered printed 990203728  pdf

HISTORY

• 01/19/99  Senate: Presented & ordered printed 990203728
• 01/19/99  Senate: Referred to Committee for Courts of Justice
• 01/29/99  Senate: Assigned to C. J. sub-com: Juvenile Justice & Dom. Rel.
• 02/03/99  Senate: Passed by indefinitely in Courts of Justice (13-Y 2-N)