When you are married, most decisions are made jointly. Which house to buy, where to vacation, and how to invest your money are high on the list of things couples decide together. But, after the marriage ends, those decisions are now yours and yours alone. If you have children, you will want to update your will and other estate planning documents to reflect your new single status.
The way your estate is distributed after your passing is governed by probate law. Some of the things you will want to take a second look at after a divorce include:
- Designation of beneficiaries: be sure and update your beneficiaries on life insurance policies and investment accounts after your divorce. Failure to make these changes could mean your ex-spouse still reaps the benefits of… Continue reading