Estate Planning During Divorce Secures Your Future
During a marriage, there are several cases where the two partners share parts of their estates. That is why it is very important to go through complete estate planning during a divorce. Otherwise, there could be a lot of problems in the future regarding segregation of the property.
If you are going through a divorce, then you might be thinking about how you are going to handle two major issues at the same time. But you do not have to be as tense as an estate planning attorney can help you by taking over a lot of extra work from your shoulders. Read this article about estate planning and learn the aspects that you need to consider while dealing with the case. And if you are from Oklahoma, stick till the end, as we have a special tip for you all.
Divorce or Estate Plan: Which One to Update First?
As we mentioned earlier, for you to have a safe and secure future, you will need to deal with estate plans simultaneously. But among these two, which one is required to be filed first?
Most people take action on impulse and file the divorce first. But that could lead them to a lot of problems regarding the ownership and inheritance of the estate. But you do not want to be like them. That is why, it is recommended that you update your estate plan before you file your divorce.
Rework On Your Will
During your marriage, it is natural for you to create your will in the name of your spouse. But things cannot stay the same after the divorce. That is why, if you are planning for a divorce, then be sure to go for a rework or two with your will. If you do not do that, your ex-partner could exploit your property using your will after your death.
Change the Power of Attorney and Beneficiaries
After marriage, the power of attorney of a person falls upon their spouse by default. But if you are planning for a divorce, you will have to change the name in the documentation. Otherwise, your ex-partner might use their rights to exploit you.
You will also have to change the names of the beneficiaries of your insurance and other policies. Your estate planning lawyer can help you with such jobs.
How an Estate Planning Attorney Can Help
An estate planning attorney can help you by providing the right advice for the welfare of you and your estate. Not just that, they also deal with most of the paperwork of the process.
The Much Awaited Tip for Oklahoma Residents
You just learned about some of the estate planning details and how a skilled lawyer can help you with such work. And now, the time has come for the much-anticipated tip to help Oklahoma Residents deal with their divorce cases.
If you are in Oklahoma and are looking for an attorney to help you with estate planning, then Reneau Law Group are the people you need to call. If you make the call, you will be connected to one of the best estate planning attorneys in OKC. With their help, you will be able to overcome your problems regarding your divorce and estate planning.
**Disclaimer: The above article does not imply a relationship between attorney and client, nor does it aim to provide any legal advice.