When you choose to end your marriage through divorce, you will need to address many subjects in connection with your finances, your living arrangements, your relationships with your children and other family members, and other parts of your life. Dealing with all of this can be overwhelming, and it can be easy to overlook certain subjects that may not seem as important in the midst of legal proceedings and major life changes. Estate planning can be one topic that may seem like something that can be addressed in the future rather than right away. However, the topics which get addressed in your estate plan can have a monumental impact on your future, so you should not put off dealing with these topics. An attorney who has experience in both family law and estate planning can provide valuable guidance on what subjects you will need to address and what decisions you should make as you work to complete the divorce process.
Why Update Your Estate Plan?
An estate plan reflects your wishes for the distribution of your assets and the care of your loved ones. When going through a divorce, it's crucial to review and update this plan because:
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Your ex-spouse may still have rights over certain assets based on the terms of different estate planning documents;
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