Going through a divorce can be an overwhelming experience full of a wealth of conflicting emotions. While in the midst of this process, it can be easy to overlook making some necessary changes to your estate plan, or assume that you can put it off to address at a later time. However, it is crucial to either update your existing estate plan or create a new one that suits your new circumstances.
Here is what you need to know about estate planning if you are getting a divorce:
Even if you do not own much or have a modest estate, this process should not be ignored. You might be weary of all the legal issues you are already dealing with, but this is just as important and can alleviate a lot of pain for your loved ones in the event of your death.
Married couples tend to give each other power of attorney to manage financial and health care affairs upon incapacity. When you begin the divorce process, it is imperative to revisit estate planning and name someone else more suitable.
Although it is generally assumed and accepted that, if one spouse were to die, the surviving parent should have custody of the children. Unfortunately, the surviving parent is not always in the best interests of the children and, if this is the case, you must convey this and designate a guardian for the children to care for them when you pass away.
Drafting a new will is not enough to keep your ex-spouse from inheriting certain assets upon your death. You must remove him or her and list a new beneficiary.
Ocala Family Law Attorneys Helping You Through the Divorce Process
At the law office of Ami L. DiLorenzo, P.A., our Florida family law legal team handles a wide range of divorce and family law issues. Regardless of your concerns, you can be confident in our ability to effectively assist you.
Contact our office today at (352) 437-2200 to schedule a free consultation.