How do I get started in my estate planning after getting divorced?
Estate planning after a divorce will require you to take a closer look at several factors and here are three of the most important ones that you need to consider in order to get started:
- Your existing will and other important documents: Aside from your will, you also have to look at insurance policies, trusts, power of attorney and other files and check if any of them needs to be replaced or modified. Chances are, there will be many documents that need to be replaced to be sure to consult with your attorney regarding this matter.
- Life Insurance: Make sure everything’s clear regarding how your life insurance will be implemented, what the policy includes, and how it is paid.
- Clearly laid out instructions in your trust: Having this ensures that all your instructions and specifications on matters like providing spousal support and child support are observed and followed. Another benefit of taking care of this step is that it eliminates the hassles of releasing the funds to your chosen beneficiaries.
Your Santa Barbara divorce lawyer from Kaspar & Lugay will guide you every step of the way as you tackle estate planning after your divorce.
