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More Than 40 Years Of Legal Service To The Baton Rouge Region

Updating an estate plan after going through a divorce

On Behalf of | Apr 5, 2021 | Estate Planning |

One of the most intimidating aspects of planning for the future could pertain to how difficult it can be to predict the changes life can bring. One change that could leave a person facing a need to revisit future goals could involve the end of a marriage. While addressing future goals during and after a divorce, individuals in Louisiana might find it helpful to revisit their estate plan documents and make the necessary modifications to bring them in line with their current wishes. 

Updating information 

Individuals who face a similar circumstance in life could benefit from seeking advice on what kind of changes to make to estate planning documents. Will and trust documents are two examples of areas in which a person might benefit from reviewing and updating information. However, it might not be advisable to make any modifications until after a divorce is finalized, as doing so prior to this date could prove detrimental in various ways. 

Powers of attorney and health care directives are two more areas in which updates might be necessary following a divorce. One may have new preferences concerning topics such as those listed to act as representative should the need arise and as such, updating information with current wishes could prove imperative. Addressing life insurance policies may also be beneficial and a similar experience could also prompt changes to preferences on topics such as guardianship. 

Seeking assistance 

With numerous aspects to cover when updating estate plan information after a divorce, those facing a similar scenario might feel somewhat overwhelmed and in need of assistance. Prior to updating plan information, a person could find it helpful to consult with an attorney for guidance in covering every vital topic. An attorney in Louisiana can help a client better understand every area in which changes might be necessary and assist in taking the necessary steps to bring the plan in line with his or her current preferences for the future. 

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