Learn How Your Divorce Could Impact Your Estate Plan
You must review your estate plan and make changes during your divorce process. Some of it will be simple things, like changing your beneficiaries. Some may be more complicated, like establishing a trust for your minor children. Either way, you want to work with a lawyer who understands how divorce can affect your estate plan and knows what you can do to protect yourself and your family’s future.
At Brazil Law Office PLLC, I understand how divorce can affect your last will and testament, health care directive, durable power of attorney and other legal documents because my main focus areas are family law and estate planning. My in-depth knowledge of these areas allows me to find the right solutions for any problems you may encounter on either side of the issue.
I have assisted many individuals in Fargo and the surrounding areas by adjusting their estate plans after a divorce. I can ensure that all your legal documents comply with North Dakota or Minnesota and that your heirs receive what you worked so hard to save for them.
Is There Anything That You Need To Change?
Some of that will depend on how complicated your estate plan is and your current situation. If you plan on remarrying right away, you will have different considerations than if you plan on remaining single, at least for the time being.
We recommend reviewing the following issues:
- Changing designated beneficiaries on life insurance policies and retirement accounts, such as pensions and 401(k) accounts
- Naming a different individual to act as your health care agent, a different individual to act as your power of attorney, and a different individual to act as your personal representative within your last will and testament
- Naming a guardian for your children in case something happens to your former spouse after you have passed on
- Reviewing what you intended to leave to your former spouse and designating it to other family members
We will discuss your wishes for your property and assets and consider issues such as how you should divide your property between a new spouse and your children if that is a concern. We want you to rest assured that you can move forward with your new life as you put all these concerns to rest.
Let Me Assist You With Your Estate Planning Needs
Adjusting your estate plan while you’re going through a divorce can be difficult to think about. However, your plan should accurately reflect your life changes. I understand that this may not be an easy time for you. That’s why I am here to listen to your needs, concerns, and goals and advocate for you throughout the process. You can schedule your initial consultation by calling 701-297-2298 or completing my firm’s online contact form.