The Impact Of Divorce On Your Estate Plan
The unhappy truth about marriage is that about half1 of them end in divorce each year. If you’re married or you have children or other heirs who are married, perhaps you’ve considered the effects that divorce could have on your life, the holdings in your estate, and mutual family members. If so, you’ve done more thinking than most. This report can help familiarize you with some important concepts about being prepared for divorce, should it come your way.
Most people don’t consider the types of changes that can occur when the specter of divorce enters their lives or the life of an intended beneficiary. But as you might imagine, divorce makes it that much more important to have legal affairs updated and reviewed. Without strict planning, a divorce could have devastating consequences on your family.
Unfortunately, the sky-high divorce rate continues to rise in America. And it’s important to acknowledge this reality. Although emotional upheaval may seem difficult as a result of a divorce, the hard work associated with returning your life to normalcy doesn’t end with divorce. It’s important to know how divorce dramatically affects your estate plan.
