Having a solid estate plan is important, no matter what your age or situation, but when someone divorces, it is extremely important. Divorce is an ordeal, even under the best of circumstances, but it is important to remember that not only will a divorce cause problems within your family; it can also make a mess out of your estate. When you divorce there are a number of details that you must pay attention to. The first is dividing all of your assets according the agreement of your … [Read more...] about Estate Planning When You Divorce
Divorce
Yes, You Can Protect Your Child’s Inheritance from Divorce
Asset Protection Planning Asset protection planning is an important part of your estate plan. If you’re like most people, you have worked hard your entire life to earn and save your assets. And, you would like to give a gift to your children during your lifetime or after your death. Either way, ask your estate planning attorney how to incorporate asset protection planning into your estate planning so that your gift is not taken in a divorce. More than half of us get … [Read more...] about Yes, You Can Protect Your Child’s Inheritance from Divorce
Estate Planning Guide for the Newly Divorced
A divorce, whether acrimonious or amicable, is an emotionally and, oftentimes, financially devastating life event. A Separation Agreement or final Decree of Divorce stipulates division of assets, child custody, visitation and support and alimony payments. However, there are other things you need to do to prevent your ex-spouse creating further financial difficulties or receiving assets if you die. If you have minor children, a Last Will and Testament or a Living Trust is essential. These … [Read more...] about Estate Planning Guide for the Newly Divorced
