Florida Statutes, Rules, and Regulations Pertinent to Life and Annuity Insurance, Including Variable Products
Where the Florida voiding rule applies, how are the proceeds distributed?
Answer and explanation
Answer: B. Section 732.703 provides that the former spouse's interest passes as if the decedent's former spouse predeceased the decedent, which sends the proceeds to whoever the instrument names next. It neither splits the proceeds with the estate, nor routes them through the will, nor imposes a fixed distribution to children.Source: Fla. Stat. § 732.703 — 732.703, As if the former spouse predeceased
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