FREE ACCESS TO OUR SPECIAL REPORTSThese reports are published by the American Academy of Estate Planning Attorneys and cover a wide-variety of subjects relating to estate planning.
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The Impact of Divorce on Your Estate Plan
INTRODUCTIONThe unhappy truth about marriage is that 2.5 million of them end in divorce each year. For first marriages, this typically happens somewhere around the 11th anniversary. If youre married or you have children or other heirs who are married, perhaps youve considered the effects that divorce could have on your life, the holdings in your estate, and mutual family members. If so, youve done more thinking than most. This report can help familiarize you with some important concepts about being prepared for divorce, should it come your way.
Most people dont consider the types of changes that can occur when the specter of divorce enters their lives or the life of an intended beneficiary. But as you might imagine, divorce makes it that much more important to have legal affairs updated and reviewed. Without strict planning, a divorce could have devastating consequences on your family.
Unfortunately, the sky-high divorce rate continues to rise in America. And its important to acknowledge this reality. Although emotional upheaval may seem difficult as a result of a divorce, the hard work associated with returning your life to normalcy doesnt end with divorce. Its important to know how divorce dramatically effects your estate plan.
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