How to Update Your Estate Plan During a Divorce
If you are going through a divorce, updating your estate plan is an important part of moving on with your life. Here is how you should do it.
June 10, 2019
If you are going through a divorce, updating your estate plan is an important part of moving on with your life. Here is how you should do it.
Estate planning mistakes become a costly affair when families have to sort out disagreements in probate court. More than a year after the unexpected death of rock legend Tom Petty, his widow and two daughters from a previous marriage are litigating the management of his estate.
In every divorce there are two universes. You have the real-life universe where you and your children feel the impact, physically, emotionally, and financially in your day-to-day life. Then there’s the legal universe, where forces beyond your control—the law—will determine your future. Both are important.
Many people believe their divorce will be simple: just split everything in half, retirement benefits included. Emotions often interfere with this, and on occasion, the law does as well. Each spouse’s concept of what is “fair” comes into conflict.
Practical information that couples should understand about how financing, taxes, and other expenses impact real estate settlements in a high-asset divorce.
The main advantage to having a trust is the avoidance of probate. Probate is time consuming, expensive, and makes your assets and liabilities public
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California is a “no-fault” divorce state, which means that neither spouse is required to prove up wrongdoing in order to proceed with filing for
Once you file for a divorce and you have filed the petition in the summons, it’s served on the other side to the other
California is a no-fault state, which means neither spouse is required to prove wrongdoing in order to proceed with a divorce filing. There’s no
People hear misconceptions like, “Your divorce is going to be over in six months.” Now, there’s a kernel of truth to that. The kernel
Prenups last, usually by their terms, for the entire length of the marriage. However, prenups sometimes include provisions that expire. The most common one