Divorce is never easy, no matter the situation. However, it can prove particularly challenging when it comes to estate planning. In this case, the attorneys at the Law Offices of Robert E. Badger counsel their clients on the proper steps to take regarding these plans when facing separation. This Boston, MA, firm offers the benefit of an expansive legal background, including how to navigate common issues that can affect your estate and assets.
3 Tips on Handling Divorce & Your Estate Plan
1. Name a Guardian for Minor Children
While it may be unlikely, if both parents die, guardians for any minor children will be appointed by the court. This can be devastating, as it sometimes breaks families apart. To this end, naming guardians for your kids is crucial. This can be accomplished within a will and gives you and your spouse peace of mind that your little ones will be cared for should tragedy strike.
2. Consider Making a New Will
If you are in the process of getting divorced, it may be better to start from scratch where your will is concerned. The same can be said for any living wills or other estate planning documents, such as trusts. You can also enlist the help of an experienced attorney to help you determine whether your estate plan reflects your new status.
3. Review Beneficiary Designations
When it comes to financial or retirement accounts, beneficiary designations are essential. These are the people who will receive funds from each account in the event of your passing. To this end, beneficiary designations must be reviewed, especially after a significant life change like a divorce. Failure to do so could lead to your ex receiving benefits when you did not intend it.
If you’re going through a divorce and need guidance handling your estate planning, turn to The Law Offices of Robert E. Badger for dependable counsel on all the challenging issues you face. Call (617) 963-3599 today to schedule a consultation with a seasoned divorce attorney in Boston. You can also visit the website for the full range of family law services, including those related to estate planning and divorce.