Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Thursday, July 31, 2014

Estate Planning Steps for the Divorcee

Divorce 2

Although your divorce papers may be signed and custody arrangements are finalized, you are still technically married.  While you may be excited to begin a new chapter, it is important to tie up any loose ends before embarking on your new journey.  Provided below are just a few places to begin:

  1. Update your will.  Because your present will may include the name of your ex-spouse, make sure you change this if you do not wish to have your assets go to this person upon your death.
  2. Change your name.  If you change your name in the divorce agreement, you must notify the Social Security Administration.  You will also need to update your driver’s license and passport.
  3. Change passwords.  The last thing you want is your ex-spouse gaining access to your sensitive financial information.
  4. Spread the word.  Let your automobile and major medical carrier know of your new marital status because it could affect your coverage costs.
  5. Change power of attorney.  If your former spouse had power of attorney over you, make sure to revoke your power of attorney and create a new one, eliminating your former spouse from having the ability to make important medical decisions regarding medical care.

See Van Oorschot Law Group, PC, You’re Divorced. Now What? JD Supra Business Advisor, July 29, 2014.

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