How does Divorce Affect Estate Planning and Wills?
Divorce usually means changes should be made in your estate plan, or, if you don’t have a will or estate plan, that one should be created. Though there are laws protecting new spouses in such occasions, without an accurate estate plan, the grieving spouse will have to litigate these issues to get their inheritance. Likewise, life insurance and other benefits should have the beneficiaries changed to reflect the new circumstances. If the children from your former marriage will be the new beneficiaries, then you should consider a trust to preserve these assets for the child or children or the ex-spouse will have control of that money until the child reaches maturity. To learn more about these issues, contact an experienced, knowledgeable Sagaria Law Family Law attorney today to schedule an initial consultation.