Wills, Trusts & Estates Prof Blog

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

Wednesday, June 20, 2018

8 Estate Planning Moves If You Are Getting Divorced

DivorceDivorces can be messy They can be emotionally tiring with numerous decisions to be made. Before the divorce is finalized, your spouse still has several legal rights, but you would like to maintain as much control over your assets as possible. Also, if you happen to pass away or become incapicitated before that finalization, there are things that you can do to upold that command. Here are 8 estate planning suggestions to add to your divorce to-do list

  • Update your healthcare proxy.
  • Change your power of attorney.
  • Find out what you can and cannot alter.
    • Such as 401(k), pensions, or life insurance policies.
  • Update your will.
  • Decide what to leave your spouse.
    • After it is all said and done, you may decide not to completely disinherit your soon-to-be ex-spouse.
  • Look at your prenuptial (or postnuptial) agreement
  • Amend your trust.
  • Revisit the plan after your divorce is finalized.

See Christine Fletcher, 8 Estate Planning Moves If You Are Getting Divorced, Forbes Magazine, June 19, 2018

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.) for bringing this article to my attention

Special thanks to Joel C. Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2018/06/8-estate-planning-moves-if-you-are-getting-divorced.html

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