Ideally, you should seek legal counsel the moment you anticipate a change in marital status. Early planning allows you to take protective … [Read more...] about When should I consult an attorney about estate planning after divorce?
Are my digital assets affected by divorce?
In today’s world, digital assets such as email accounts, online banking, and social media profiles are part of a comprehensive estate plan. … [Read more...] about Are my digital assets affected by divorce?
How do powers of attorney factor into post-divorce planning?
If you previously named your spouse as your agent under a Financial or Health Care Power of Attorney, those documents must be revoked or … [Read more...] about How do powers of attorney factor into post-divorce planning?
What should I do with jointly owned property?
Property held as joint tenants with right of survivorship must also be addressed during or after a divorce. If such ownership is not legally … [Read more...] about What should I do with jointly owned property?
Can a divorce decree include estate planning obligations?
Yes. A divorce settlement or court order may include specific obligations that affect your estate plan. For instance, you may be required to … [Read more...] about Can a divorce decree include estate planning obligations?
What role do beneficiary designations play after divorce?
Beneficiary designations on life insurance policies, retirement accounts, and payable-on-death bank accounts supersede instructions in a … [Read more...] about What role do beneficiary designations play after divorce?
How can I ensure that my children receive their inheritance if I remarry?
One strategy frequently used in second marriages is the creation of a Qualified Terminable Interest Property (QTIP) trust. This type of … [Read more...] about How can I ensure that my children receive their inheritance if I remarry?
What happens to my estate plan if I remarry?
If you decide to remarry, your estate plan should be re-evaluated once again. Many people want to provide for their new spouse while also … [Read more...] about What happens to my estate plan if I remarry?
Should I revise my estate planning documents after divorce?
Yes, updating your estate plan as soon as divorce becomes a realistic outcome is essential. Delaying this process can result in unintended … [Read more...] about Should I revise my estate planning documents after divorce?
