Divorce And Why It Must Have A Trickle Down Effect On Your Will

Divorce And Why It Must Have A Trickle Down Effect On Your Will

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The decision to separate from your spouse is never one that is easy to make as it always comes with lots of factors attached to the process. Divorce involves more than having a formal end to two partners who have decided to pursue the rest of their lives separately but comes with the ‘how’ that takes into account several factors. The ‘how’ involves, among others, how the children will be taken care of if there are any, property division, and spousal maintenance plus other issues that typically come to play in lots of scenarios. It is, therefore, a period that involves lots of challenges and must be handled with the utmost professionalism and respect for each other.

One of the critical factors that many people often do not take to account during the divorce or immediately after it happens is updating their wills. Primarily, the essence of making a will is to let known your wishes in the event of death and have a solid plan that can be followed after that. As such, being divorced instantly changes a lot of factors that you most probably included in your will. This makes it necessary to update the all-important document to avoid any gambles.

At a time when you have a lot in your mind considering there is a shift to a new life, Weisinger Law Firm comes to the rescue in handling this crucial process. The importance of seeking professional assistance in handling a will after a divorce is not limited to those who had one before but is a step that everyone must take. This is because you have to think about the future in the event of your death and whether you will be comfortable with the turn of events. Among the core factors that many people take to account at this stage include;

  1. Maximize on a power of attorney in the event you are incapacitated and have an executor to cater for all wishes. A power of attorney appoints a trusted person to make legal or medical decisions on your behalf when you are not in the right position. An executor, on the other hand, is the person who will bear the responsibility of actualizing the will.
  2. Avoid your ex-spouse from inheriting everything. If you had a shared will and it remained unchanged at the time of death, your ex-spouse stands to be the sole beneficiary. After a divorce, this does not sound like the best of ideas to many people, including those who would want them to have a share of their properties.
  3. Simplify things for your heirs. The last thing you want is a lot of confusion and feuds that might arise after your death. This is a common scenario in all instances where there is no will, and by having one, you get to take care of this aspect that has always resulted in bad blood in families. The best part is with the guidance of seasoned professionals, creating or updating a will becomes less complicated and is a move that will prevent lots of headaches in the future.

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