Estate Plan Changes to Make After a Divorce
If you are presently going through or have recently been through a divorce, there are probably many things on your mind. However, you don’t want to let estate planning changes slip through the cracks. Here are a couple of important changes to make following a divorce.
- Beneficiary changes – There are some accounts that do not go through probate. For example, if your mate was listed as the beneficiary of your retirement account, life insurance policy, or a payable on death (POD) bank account, you need to change the beneficiary if you want someone other than your ex to get the money.
- Factor in children if you remarry – If you end up remarrying in the future, you don’t want any children from the first marriage to get left out. Therefore, you may need to add the children from your first marriage directly to the will or a trust. Otherwise, if you remarry and forget to adjust your estate plan, you may end up leaving everything to your second mate and their children rather than children you had with a previous mate.
Navigating Estate Planning Laws in San Diego, California
To help you get your estate planning just right so that your assets are left to the people you want to give them to, be sure to seek the assistance of the estate planning attorneys at Petrov Law Firm. Call 619-344-0360 today to schedule a consultation with one of our experienced California attorneys.
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