AN ACT CONCERNING REVOCATION OF NON-PROBATE TRANSFERS AND APPOINTMENTS BY DISSOLUTION OF MARRIAGE.

This bill automatically revokes certain financial designations and appointments made in favor of a former spouse when a marriage is legally dissolved, effective January 1, 2027. It directly affects individuals in Connecticut who divorce and have assets such as retirement accounts, life insurance policies, or trusts that name their ex-spouse or their ex-spouse's relatives as beneficiaries or representatives. The law severs joint ownership of non-real estate property between divorced spouses and treats any existing financial instruments as if the former spouse had died on the divorce date, unless the divorce agreement or the financial document explicitly states otherwise. If the divorced individual remarries the former spouse or the divorce is annulled, the revoked provisions are automatically restored. The bill does not apply to wills, healthcare powers of attorney, real estate held as joint tenants, or court-appointed guardianships.