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Divorced women and estate planning

Unfortunately, many marriages in the Kent area do not last forever. When a person gets divorced, it can affect many aspects of their life, including their estate planning. For those who have gone through the divorce transition, it is important to evaluate an estate plan and make sure it is updated for the new period of a person's life.

One thing that needs to be updated after a divorce is an existing will. A divorce usually means there is a change in assets along with a change in beneficiaries, which should all be updated. In addition, if there are children, their guardianship plan may also need to be updated after a divorce. A previous guardian choice may no longer be a good fit and a new one may need to be designated.

All assets should be reviewed after a divorce and updated in an estate plan. A divorce settlement often involves deferred savings plans like a spouse's 401K that should be included in an estate plan. Finally, regardless of a person's situation, not having an estate plan can be a huge mistake. Not having a plan can put grieving families in a complicated situation where assets need to go through probate and a final decision may be against a person's wishes.

A legal professional who specializes in estate planning can help their client work through their needs and update existing estate planning documents. An attorney can review the important matters that need to be attended to and make sure their client's wishes are honored and in place.

After a divorce, a person's estate plan has most likely changed. This is an important time to visit with an attorney to make sure everything is updated, and a person's intent is reflected in their legal documents.

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