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Should I update my will after the divorce?

On Behalf of | Aug 27, 2024 | Divorce, High Net Worth Divorce |

When going through a divorce, your will might be the last thing on your mind. Instead, you may be busy with other matters that could be more urgent, such as settling property-related issues and creating child custody arrangements. Still, it can be vital to review your will and update it after proceedings, especially if you own significant and complex assets.

Fortunately, state law can cover your situation regarding your will. In Florida, there are certain provisions that void your will if it includes your former spouse. It could give you some peace of mind, but there are still parts that could take effect if you do not rewrite the document, including the following:

  • Beneficiary appointments – Most basic wills name the spouse as the estate’s beneficiary, so update these details after the divorce.
  • Information about properties – Change specific sections to reflect any properties lost or gained during divorce proceedings.
  • Naming an executor – After the divorce, consider designating someone else to represent your estate after your death if the role belongs to your former spouse.

You can also include statements about your children, but this may only apply if they are very young. If they are old enough and legal adults, you can forego these considerations.

Sorting out personal affairs after the divorce

Aside from disrupting your entire life, a divorce can significantly change personal matters that are easy to overlook. Especially if you have an estate plan, seek legal counsel during and after the legal process. Doing so can help you know what to expect and plan accordingly, mainly if there are arrangements you must review and alter to keep your estate in order.

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