By: Kimberly Hegwood, Attorney
If you are considering divorce, updating your wills, trusts, healthcare directives and other estate planning documents is probably the last thing on your mind. Your focus is likely on who keeps the house, which parent gets primary custody and child support, etc. This can cause estate planning to feel like an added burden during an already difficult time.
Yet, if you do not update your documents before or after your divorce is finalized, you could experience one of the following nightmares:
- You become incapacitated during divorce proceedings and your soon-to-be ex could still have authority over your medical and financial affairs.
- You die without updating key beneficiary designations and your ex-spouse stands to inherit from your estate.
- Even though you meant to protect your assets for your children’s use, you die before the divorce is final and your financially unstable ex gets everything, leaving the children nothing.
Most people would shudder at the idea of their soon-to-be or ex-spouse having so much control. This is why it is critical to update your beneficiary designations and other estate planning documents to prevent your ex-spouse from inheriting money or remaining in positions of authority.
We can help ensure this never happens to you…
Supreme Court Favors Ex-Wife Over Widow In Battle For Life Insurance Proceeds
When Warren Hillman died in 2008 at the age of 66, his assets included a life insurance policy worth $124,558.03. For the past five years his ex-wife and his widow have been fighting over that money. Today the U.S. Supreme Court found that Judy Maretta, who Hillman divorced 10 years before he died, was entitled to every penny of it. (The Court’s decision in Hillman v. Maretta.)
My name is Kim Hegwood and I am a local estate planning attorney in Houston, Texas. Our firm offers a collaborative approach to support you in getting your estate plan updated. I work with
I have created an educational brochure called “ How to Update Key Legal and Financial Documents After Divorce for Future Protection!” that I would like to offer you free of charge.
This educational brochure will help you identify the legal and financial documents you should update. It is a great resource for those anticipating divorce as they begin preparing their finances and other important documents for the proceedings and it is invaluable for those who have finalized their divorce.
Request your free downloadable brochure now!
I know that you have a wide array of needs and I am sure feel pulled in many directions. Please take a few minutes of your time to read the free downloadable brochure to make sure that you have done everything you can to keep your assets safe and personal rights protected before, during and after your divorce. See how our firm can help you take the steps you need if you have not already. Download the brochure today!