If you are in the process of obtaining a divorce, you are probably focused on getting on with your life. However, you also need to spend some time thinking about the important documents governing your death.
It is important to update all of your estate planning documents during or after your divorce. These documents include: your trust, will, and powers of attorney.
Most estate plans list an individual’s spouse in decision-making positions (trustee/personal representative/power of attorney), but also as the individual receiving most, if not all, of the assets. Upon the finalization of a divorce, you want to ensure that your ex-spouse is not making any decisions on your behalf, or receiving any of your valued assets. If left unchanged, you risk your children (or other individuals that you wish to receive your assets), having to fight it out with your ex-spouse in court.