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.