Divorce Basics Attorney in Minneapolis, Minnesota
Will I need a new estate plan if I get divorced?
Will I need a new estate plan if I get divorced?
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00:04
well the short answer to that is
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probably yes
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um if you’ve already got an estate plan
00:09
in place
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and for our estate planning clients we
00:13
generally say that these kind of
00:14
life-changing events and a divorce is
00:16
one of them
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is the kind of thing that you want to go
00:19
back and revisit your estate plan you
00:21
want to make sure that all of the
00:23
language and all the directives in your
00:25
planning documents are are doing what
00:27
you want to
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after the fact some language or
00:30
direction may be invalidated and you may
00:33
want to determine whether your spouse is
00:35
designated as your
00:37
beneficiary or representative of your
00:40
estate and make the proper amendments to
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ensure that you have everything in place
00:45
as you wish
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additionally a divorce is a time that
00:49
we’re taking a look at your assets and
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it’s a good time to
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make sure that the beneficiary
00:55
designations or trustee designations are
00:59
are as you want them following the
01:00
divorce if you don’t have an estate plan
01:03
already in place
01:04
post dissolution is also a great
01:06
opportunity to review those things and
01:08
get plans in place you’ve already done a
01:10
lot of the work and we can then set up a
01:13
plan that will help you with that with
01:15
your future
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Minneapolis, MN family law attorney Michael Cain explains why you need a new estate plan if you get divorced.
