Tuesday, July 7th 2009
Make Estate Planning First Step After Divorce
A recent article in the Brandenton Herald discusses the importance of making estate and financial planning the first step after a divorce. You can view the article here. I couldn't agree more.
Division of property, including retirement accounts, is a frequent issue in most divorce cases. After the final divorce judgment, however, very few people take the required steps of updating their wills or trusts, and changing the beneficiary designations on their insurance. These are critical steps necessary to protect your now separate property from potentially being distributed to your former spouse, as I wrote about here last January.
Because we handle both estate planning and divorce here at Crider Law, we are well acquainted in the issues that arise with our clients' estate plans following divorce. Please contact us for further information on updating estate plans, wills and trusts following a divorce.
View other articles for: Divorce and Separation, Estate Planning