Divorce and Estate Planning: What You Need to Know
David Wade
Divorce and Estate Planning: What You Need to Know
Jul 23, 2025| BY: Wade Law Offices
Theres no question that navigating a divorce can be emotionally and logistically overwhelming. While youre managing the legal and personal complexities, its easy to overlook a critical task: updating your estate plan. As your life circumstances change, so should the documents that protect your future and your loved ones.
Heres a quick guide to the key estate planning steps to take post-divorce:
Revise Your Will and Trust
Your will and trust likely name your ex-spouse as a primary beneficiary or decision-maker. Take time to review and update these documents to reflect your current intentions. If you have minor children, revisit any guardianship designations to ensure they still align with your wishes.
Update Your Beneficiary Designations
Assets such as life insurance policies, retirement accounts, and bank accounts often pass outside of a will meaning the named beneficiary gets them regardless of what your will says. Be sure to review and revise these designations to avoid unintended outcomes.
Reconsider Powers of Attorney
If your ex-spouse is listed as your agent for healthcare or financial decisions, you may want to revoke those powers and appoint someone new. This is a crucial step to ensure someone you trust is legally authorized to act on your behalf if needed.
If youve recently gone through a divorce, updating your estate plan is not just smart its essential. At Wade Law Offices, were here to help you navigate the process with clarity and care. Contact us today to schedule a consultation and ensure your estate plan reflects your current wishes.
