Estate planning takes on even greater significance in the wake of a divorce. Unfortunately, it often is not at the top of many post divorce “to do” lists, which can have some undesired consequences.
Whether your divorce in Connecticut is final or you’re just beginning the process, it’s a good idea to take a hard look at your estate planning documents and make sure they reflect your current wishes about your changed family and any new arrangements you want to put into effect.
For example, during your marriage you may have named your spouse as the sole beneficiary of your assets, your power of attorney, and your health care agent. You may not longer want your former spouse (or soon-to-be former spouse) to inherit your assets, have access to your financial accounts, or make health care decisions on your behalf.
As marital and family lawyers, Freed Marcroft’s team is uniquely positioned to guide you through your post-divorce estate planning and assist you in leaving a legacy that’s about much more than just your money. We believe estate planning is not just about transferring your financial assets and personal belongings. It’s also about capturing and transferring your valuable intangible gifts: who you are and what’s important to you – your values, insights, stories, and experience.
Our clients are committed to their family, friends, and community. Because we understand that this is what is most important to them, we have made estate planning a friendly and approachable topic, not a scary or morbid one.
From beginning to end, you’ll feel and know that you’re doing a wonderful thing for your family and the other people and organizations who are most important to you. No matter what happens, everyone has an “estate plan.” It’s just a question of whether you design the plan or someone else designs it for you. The state’s default plan for you involves the pitfalls of probate—from making your private family details public (most court records can be viewed by anyone), to dictating who your beneficiaries are, to choosing who raises your kids (if you don’t plan ahead of time the probate judge has to step in and decide), to handing a check to an 18-year-old or young adult with no more oversight or guidance (18 year olds are legal adults — it is possible that no one will have the legal right to watch over how they spend an inheritance).
Making plans for your post-divorce life isn’t easy, but taking charge will give you peace of mind during this major transition and is a part of finishing your divorce process.
You can read additional articles and blog posts on Post-Divorce Estate Planning below:
- Five Things to Consider When Selecting Your Kids’ Guardians
- David Bowie’s Will Made Page Six: How to Keep Yours Private
- Why it is Critical to Update (or Make!) Your Estate Plan After Divorce
- Tomorrow Isn’t Another Day: Time to Do Your Estate Planning, Scarlett
- Will of Fortune: the Connecticut Legal Battle Involving an Internet Will Signed at Foxwoods
- What Does Grey’s Anatomy Have to Do With Organ Donation Law?
- Nashville, and the Tale of the Invalid Will
- Estate Planning and Financial Loose Ends After Divorce
- Special Needs Trusts Are Not Only For Wealthy Families
- Supplemental Needs Trusts for Special Family Members
- Pet Trusts in Husky Country