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Updating Your Estate Plan After A Divorce

There are many details to attend to in a divorce. Understandably, the immediate details of the divorce take precedence for most people. However, one important detail that many people overlook during a divorce is the need to update the estate plan. With the change of status, and likely the desire to alter your gifting preferences, it is critical to make sure you have your estate plan updated as soon as possible after your divorce.

Attorney Van A. Schwab has more than four decades of legal experience serving clients in Chicago, Illinois, and the surrounding areas. Do not leave your estate plan to chance and do not work with an inexperienced attorney in these matters. You need a lawyer who has the knowledge and experience needed to protect the financial future of those who care about their loved ones.

Do Not Leave All Your Assets To Your Ex-Spouse

At The Law Offices of Van A. Schwab in Chicago, we encourage all of our divorce clients to create wills or revise their existing wills at the conclusion of the marital dissolution process. If you have an existing will or trust that names your ex-spouse as the heir or beneficiary, he or she will receive those assets after your death, even though you are no longer married to him or her.

Instead, we encourage you to think through whom you truly want to receive your properties and assets when you pass away. As an accommodation, our attorneys can assist you in creating a trust or pour-over will that fits your new situation in life.

At The Law Offices of Van A. Schwab, you will find an attorney who can help you make sure to protect your assets for future generations. With more than 40 years of legal experience, we can help you update your wills, trusts, guardianships and other essential documents.

Establishing A Child Guardianship

We can also discuss guardianship provisions with you if you have minor children or children with special needs.

If you pass away, your child’s other parent will obtain all allocation of parental responsibility, parenting time and full parental rights (barring any factors such as incarceration or a history of child abuse). If you and the other parent both pass away around the same time, however, the Illinois courts will need guidance as to whom you would want to care for your child.

An attorney from our firm can assist you with understanding the guardianship process and ensuring that your children will be physically and financially protected, should the unforeseen happen.

Schedule A Detailed Consultation About Your Legal Needs

Our founding attorney has more than four decades of experience serving clients throughout the Chicagoland area. He and our entire team are responsive, detail-oriented advocates who will take the time to understand your concerns and answer your questions. When you schedule an initial consultation, you can count on us to thoroughly review your situation and provide the guidance you need.

Call The Law Offices of Van A. Schwab at 312-702-1745 (in Chicago) or 847-208-4569 (in Skokie, Deerfield or Libertyville). You can also reach us via email. The initial $125 fee will be applied toward the retainer.