Divorce is a difficult process, and it can raise a lot of complex issues related to estate planning. After going through a divorce, it is important to update your estate plan to make sure all your assets are distributed according to your wishes.
At Baxter Harder, LLC, our experienced attorneys can provide the guidance and legal services necessary to help you make the best decisions in updating your estate plan after divorce.
When updating your estate plan after divorce, it is important to revise any documents that name your former spouse or designate them as a beneficiary. You will want to remove their name from all powers of attorney, wills, trusts, and other related documents.
If you have children from the marriage, it is wise to designate guardianship for them in case something were to happen to both you and your former spouse. Additionally, if there are assets you would like transferred or divided between you and your former spouse, such as retirement accounts or real property, these items should be addressed in separate agreements.
Baxter Harder, LLC Is Here to Help
In addition to updating your estate plan, our attorneys can help with prenuptial agreements and post-divorce modifications. A prenuptial agreement can provide legal protection in the event of a divorce and can help you avoid costly litigation.
If your estate plan was created prior to marriage, it is important to review it and consider how it may be affected if you were to get divorced. A post-divorce modification can be used if there has been a significant change in circumstances since the original agreement was made, such as an inheritance or job relocation.
At Baxter Harder, LLC, our attorneys understand the complexity that comes with updating your estate plan after divorce and are here to provide guidance throughout the entire process. We will work with you to make sure all of your assets are properly distributed according to your wishes and provide sound legal advice for any changes or modifications that need to be made.