Reviewing estate planning goals after a divorce

On Behalf of | Jun 29, 2020 | Probate And Estate Administration

It is no secret that going through the end of a marriage can be stressful and the outcome of the situation could impact the lives of everyone involved. Divorce can prompt a variety of changes in life and those who face a similar scenario may encounter a need to revisit their plans for the future. Knowing the topics to address concerning one’s estate planning goals after a divorce could be vital to helping a person in Nevada better prepare to face the future with confidence.

Those facing a similar circumstance in life may encounter a variety of choices when revisiting their estate plans. Experts indicate that two areas to address after a divorce may include updating information on power of attorney documents and health care proxies. In many cases, a person might chose to appoint a spouse to this position, and after taking different paths in life, one might wish to adjust information to align with current preferences.

It could also be beneficial to review will and trust information and make the necessary modifications to bring them up to date. Those who have kids may also find it helpful to seek information on additional trust options to help provide for any minor children. Other topics to address at the end of a marriage could include life insurance policies and beneficiary designations.

Those who face the end of a marriage may wish to take every possible step to keep their estate planning goals in line with their current wishes and needs. For insight on all the available options to help achieve such a goal, a person in Nevada could benefit from consulting with an experienced attorney as soon as possible. An attorney can address the situation a client is facing and assist in making the necessary changes to help keep his or her wishes and plans for the future on track.