Divorce brings significant changes, including the need to update estate documents. Ensuring your estate plan reflects your new circumstances prevents unintended consequences. Here’s what you should consider:
1. Revise Your Will
If your former spouse is listed as a beneficiary or executor, update your will to reflect new designations.
2. Amend Your Trust
Review the terms of your trust and adjust beneficiaries and successor trustees accordingly.
3. Update Beneficiary Designations
Life insurance policies, retirement accounts, and payable-on-death accounts need updated beneficiary information.
4. Appoint New Powers of Attorney
Replace your ex-spouse in financial and healthcare power of attorney documents with trusted individuals.
5. Revise Advance Directives
Adjust your living will and healthcare proxy to match your current preferences.
6. Address Your Children’s Needs
Update provisions for your children’s financial security, including trusts and guardianship designations.
7. Review Asset Division
Confirm that any joint assets or investments are properly reflected in your estate plan.
8. Consult an Experienced Attorney
An estate planning attorney can guide you through these updates to ensure everything is legally sound.
Expert Legal Assistance
The Eastman Law Firm specializes in estate planning tailored to life’s major transitions.
Contact Us Today
Name: The Eastman Law Firm
Address: 4901 W. 136th Street, Ste. 240Leawood, Kansas66224
Phone Number: (913) 908-9113
Website: www.theeastmanlawfirm.com
Updating estate documents after a divorce protects your assets and ensures your wishes are honored. Consulting a legal expert is the best way to make sure everything is in order.
