In a recent blog post, we addressed some of the reasons why people take a second look at their estate plan. For many people, divorce becomes necessary at some point, although the end of a marriage can bring up uncertainties with respect to one’s estate plan. If you have a will, for example, there are a number of factors that could prompt you to make revisions once you and your spouse split up. For example, you may need to remove your spouse from the will as an executor or as a beneficiary. For couples across New York, divorce can be a challenging time, but these crucial matters should not be overlooked.
Often, when people set up a will and name their spouse as executor or plan on leaving their property with their partner when they pass away, they do not anticipate that these decisions will need to be undone when the marriage is brought to an end. Sometimes, divorce is necessary, and noone should feel trapped in their marriage solely because of stress about how divorce will upend their life. By taking a close look at relevant legal issues and carefully going over a will following a divorce, the process may be more straightforward.
It is imperative to do what you can to make sure your assets are split up as you wish, which is why revising your will after you divorce your spouse is so crucial. Our page on estate plans provides more material on the topic of revising a will.