How can you change your estate plan during a divorce?

As a Florida resident preparing for a divorce, you are already under an immense amount of stress. Given all of your other obligations, it makes sense that estate planning may fall to the wayside. You should not let it, however. While there will be some things in the estate plan that you cannot change until after the divorce, according to Forbes, you should focus on what you can change. 

If something happens to you before finalizing the divorce, then you will still be bound to the estate plan that the two of you created together. The point of updating your estate plan ahead of time, while the divorce is still in the works is to have more control over your assets and the estate plan. You should always make sure that you know what you can alter before the divorce completes. 

You need to decide if you plan to disinherit your spouse. While odds are you cannot disinherit him or her completely, you can disinherit to the extent that the law allows. In addition, you can look at your prenuptial agreement to see what entitlements your spouse has. 

If you are in the middle of a divorce, you may not want your spouse to be your health care proxy. In this case, you may want to choose someone else and update it into your estate plan. Likewise, you should revoke power of attorney if you executed them while married. When finished, it is crucial that you revisit your estate plan for further updates. 

The above is not to be considered legal advice. It is informational only. 

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