8 Estate Planning Moves If You Are Getting Divorced

Divorces can be messy They can be emotionally tiring with numerous decisions to be made. Before the divorce is finalized, your spouse still has several legal rights, but you would like to maintain as much control over your assets as possible. Also, if you happen to pass away or become incapacitated before the divorce is finalized, there are things that you can do to keep control. Here are 8 estate planning suggestions to add to your divorce to-do list that a recent Forbes article laid out:

  • Update your healthcare surrogate designation
  • Change your durable financial power of attorney
  • Find out what you can and cannot alter
    • Such as a 401(k), IRA, pension or life insurance policies
  • Update your will
  • Decide what to leave your spouse
    • After it is all said and done, you may decide not to completely disinherit your soon-to-be ex-spouse
  • Look at your prenuptial (or postnuptial) agreement if you have one
  • Amend your living trust
  • Revisit the plan after your divorce is finalized

Enjoy the article.  https://www.forbes.com/sites/christinefletcher/2018/06/19/8-estate-planning-moves-if-you-are-getting-divorced/#2849a9776419

Written by Legacy Planning Law Group

Legacy Planning Law Group is dedicated to working with individuals and families to help protect the assets they have built throughout their life, and make everything simpler for families who have lost a loved one. We help thoughtful people achieve the peace of mind that comes with planning their personal legacy and passing on family harmony.

Written by Legacy Planning Law Group

Legacy Planning Law Group is dedicated to working with individuals and families to help protect the assets they have built throughout their life, and make everything simpler for families who have lost a loved one. We help thoughtful people achieve the peace of mind that comes with planning their personal legacy and passing on family harmony.