Estate Planning After Divorce
Getting a divorce can affect your estate plan in multiple ways. From changing beneficiaries in your will to anticipating potential tax issues, there are many factors to consider.
That is why — whether you get married again or not — it makes sense to review your estate planning documents after a divorce to make sure you have updated them in accordance with your revised goals and interests.
At Korshak & Associates, P.A., in the Orlando area, we have the knowledge and experience to guide you through this detailed process. With more than 60 years of combined experience, our attorneys have built a reputation for trust and a dedicated commitment to getting results for family law clients.
What Might Need To Be Changed In Your Estate Plan?
The types of changes that may be needed in your estate plan after a divorce depend upon your specific circumstances. Some of the possibilities include:
- Changing beneficiaries in your will or in life insurance policies
- Anticipating tax issues such as who gets to claim the child care deduction
- Clarifying the effect of divorce on interests in a family-run business
- Reviewing the role of guardianships and trusts for children
Think back to when you got married to the spouse you are now divorcing. You may have created reciprocal estate plans that left everything to each other when one of you died.
Clearly a will structured like that needs to be revisited now, after the divorce. So do many other estate plan arrangements that expressed your intent at the time but don’t anymore.
Contact Our Estate Planning Lawyers
Let us help you determine what needs to be done to update your estate plan after your divorce. To schedule a free, 10-minute initial consultation with an attorney, call 888-681-4389 . You can also contact us online.