Your divorce is final, assets have been divided, custody, child support, and spousal support have been determined, and now it’s time to move forward with your life. But though your divorce is final, you’re not quite done yet. The…
Going through a divorce is one of life’s major events, and one that can leave you feeling battered and bruised. Because of this, the last thing on your mind during this difficult time is likely to be your estate plan. Yet this is one time when you absolutely need to address the issues associated with updating your estate plan. It is likely your divorce caused major changes in your personal finances as well as your overall planning objectives. First and foremost, it is highly likely you no longer want your ex to be the beneficiary of your life insurance or retirement pension. If you have children, it is even more important that you update your estate plan in order to provide for and protect them.