Anytime you experience a significant change in your life, you may want to revisit and potentially modify your Washington estate plan, and divorcing your spouse constitutes one such change. At Gellner Law Group, we recognize that your needs and desires with regard to your estate plan can change considerably once you split from the person with whom you once planned to share your life. As such, we have helped many people in these situations modify their estate plans to reflect their new circumstances.
According to Forbes, one important estate-planning step to consider making amid divorce is updating your health care proxy to give someone other than your ex the power to make health care-related decisions on your behalf. If you are like most married people, you may have given your spouse the power to make medical determinations regarding your care in the event that you become unable to do so, yourself. You may not, however, want your ex retaining this power once you two go your separate ways.
You may, too, find that it serves you well to revisit your will once you split from your spouse. Maybe you named your former partner the executor over your estate, and you no longer want him or her to hold this power. You may, too, want to designate someone else an alternate guardian over your children in the event that something happens down the line that prevents you from caring for them yourself.
If you have trusts in place for your children, you may also want to revisit their terms once you separate from your ex. If you can, you may want to modify how much of your estate you plan to leave to your former partner, and you may, too, want to name someone else a trustee over any trusts you arranged for a minor child. You can learn more about estate planning on our webpage.