Updating Your Estate Plan As You Approach Divorce

A divorce necessitates many important changes, and it’s easy to overlook important steps. This is especially true when you consider the emotional turmoil that almost always accompanies even the most amicable splits. One of the most important steps you need to take as you end your marriage is updating your estate plan. But why is this so important, and what kind of steps should you take to make your estate plan more secure? How do you make sure your assets do not fall into the wrong hands if something happens before your divorce is finalized? Let’s find out:

Why Updating Your Estate Plan Is Important as You Approach Divorce 

Updating your estate plan is very important as you approach divorce for one simple reason: You don’t want your hard-earned assets to fall into the wrong hands. This is especially true if you’re going through a heavily contested, non-amicable divorce. You may feel as though you can never forgive your ex for how they’ve behaved during the marriage. In this situation, it makes absolutely no sense to keep these individuals on your will or trust. The implications can be quite disturbing: Imagine if your ex moves in with a new partner and inherits your assets after your passing. In this situation, they would be spending you hard-earned cash despite the hardships they’ve caused you.

You also need to consider your children. In many marriages these days, the family unit is a combination of children from multiple relationships. If you want only your biological children to inherit assets after your passing, it makes sense to make this clear on your estate plan. Otherwise, your non-biological children could inherit part of your estate – leaving your legitimate heirs and offspring with less. Divorces can be incredibly turbulent times, and the risk of dying might be greater than you realize – especially if your ex has a personal vendetta against you. While this might sound excessive, there have been countless shootings involving disgruntled exes over the years.

How to Put Things Right 

If you want to put things right and ensure the best possible results, get in touch with a divorce lawyer as soon as possible. These legal professionals can help you review exactly what you need to do to protect your estate plan and ensure financial stability for your chosen beneficiaries. They can help you go over your wills, trusts, retirement plans, life insurance, and much more.

Where Can I Find a Qualified, Experienced Divorce Attorney in Florida? 

If you’ve been searching for a qualified, experienced Orlando divorce attorney, look no further than Steve Marsee, P.A. When you’re approaching divorce, it can feel like there are countless things to keep track of. While it’s true that this can sometimes be overwhelming, you should always prioritize financial matters like estate planning if at all possible. Fortunately, you can get all the guidance you need by booking a consultation with us today. Reach out now to get started with an effective action plan and ensure financial security for you and your beneficiaries.

Sources: 

investopedia.com/articles/investing/072915/how-protect-your-retirement-after-divorce.asp

lawandcrime.com/crime/florida-man-shot-ex-girlfriend-15-times-in-the-back-because-she-refused-to-answer-his-phone-calls-and-texts-police/